Tricon Residential Inc. (NYSE:TCN – Get Rating) – Investment analysts at National Bank Financial decreased their FY2023 earnings per share (EPS) estimates for shares of Tricon Residential in a report issued on Sunday, January 29th. National Bank Financial analyst T. Woolley now expects that the company will earn $0.41 per share for the year, down from their prior forecast of $0.42. The consensus estimate for Tricon Residential's current full-year earnings is $0.69 per share. National Bank Financial also issued estimates for Tricon Residential's FY2024 earnings at $0.47 EPS.

Tricon Residential (NYSE:TCN – Get Rating) last issued its earnings results on Tuesday, November 8th. The company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.33. The company had revenue of $170.77 million for the quarter. Tricon Residential had a return on equity of 25.87% and a net margin of 149.77%.

Tricon Residential Trading Up 3.1 %

NYSE:TCN opened at $8.67 on Tuesday. The stock's 50 day moving average price is $8.12 and its 200 day moving average price is $9.21. Tricon Residential has a 52 week low of $7.18 and a 52 week high of $17.23. The company has a market capitalization of $2.37 billion, a P/E ratio of 3.64 and a beta of 1.05. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.62 and a current ratio of 0.62.

Tricon Residential Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, January 15th. Investors of record on Saturday, December 31st were given a $0.058 dividend. The ex-dividend date was Thursday, December 29th. This represents a $0.23 annualized dividend and a yield of 2.68%. Tricon Residential's dividend payout ratio (DPR) is currently 9.66%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TCN. Mitsubishi UFJ Trust & Banking Corp bought a new position in Tricon Residential in the first quarter worth $39,000. BlackRock Inc. acquired a new position in Tricon Residential during the first quarter worth $885,000. Great West Life Assurance Co. Can raised its stake in Tricon Residential by 5.8% during the first quarter. Great West Life Assurance Co. Can now owns 82,305 shares of the company's stock worth $1,393,000 after acquiring an additional 4,530 shares in the last quarter. Vanguard Group Inc. raised its stake in Tricon Residential by 531.0% during the first quarter. Vanguard Group Inc. now owns 10,500,305 shares of the company's stock worth $166,746,000 after acquiring an additional 8,836,273 shares in the last quarter. Finally, Mackenzie Financial Corp acquired a new position in Tricon Residential during the first quarter worth $29,049,000. 57.41% of the stock is owned by institutional investors.

Tricon Residential Company Profile

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Tricon Residential, Inc is a residential real estate investment company. It owns and operates single family rental homes and multi-family rental apartments in the United States and Canada. It operates through the five reportable segments: Single Family Rental Business,Multi Family Rental Business, Residential Development Business, Private Funds and Advisory Business and Corporate Activities.

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