Tricon Residential Inc. (NYSE:TCN – Get Rating) – Equities researchers at National Bank Financial issued their Q4 2022 EPS estimates for Tricon Residential in a research note issued to investors on Sunday, January 29th. National Bank Financial analyst T. Woolley anticipates that the company will post earnings of $0.23 per share for the quarter. The consensus estimate for Tricon Residential's current full-year earnings is $0.69 per share.

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

Tricon Residential Stock Performance

Shares of NYSE:TCN opened at $8.74 on Wednesday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $2.39 billion, a P/E ratio of 3.67 and a beta of 1.05. The business has a 50-day moving average price of $8.12 and a two-hundred day moving average price of $9.20. Tricon Residential has a 1-year low of $7.18 and a 1-year high of $17.23.

Tricon Residential Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, January 15th. Stockholders of record on Saturday, December 31st were paid a dividend of $0.058 per share. This represents a $0.23 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend was Thursday, December 29th. Tricon Residential's payout ratio is 9.66%.

Institutional Trading of Tricon Residential

A number of hedge funds have recently made changes to their positions in the company. Cohen & Steers Inc. boosted its stake in shares of Tricon Residential by 12.7% during the third quarter. Cohen & Steers Inc. now owns 14,154,101 shares of the company's stock valued at $122,433,000 after purchasing an additional 1,593,024 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Tricon Residential by 2.4% during the third quarter. Vanguard Group Inc. now owns 10,895,109 shares of the company's stock worth $94,242,000 after acquiring an additional 254,011 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Tricon Residential by 52.0% during the second quarter. Price T Rowe Associates Inc. MD now owns 10,179,634 shares of the company's stock worth $103,221,000 after acquiring an additional 3,483,476 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC raised its position in shares of Tricon Residential by 4.1% during the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,071,188 shares of the company's stock worth $26,566,000 after acquiring an additional 120,868 shares during the last quarter. Finally, Fiera Capital Corp raised its position in shares of Tricon Residential by 3.5% during the third quarter. Fiera Capital Corp now owns 2,711,145 shares of the company's stock worth $16,983,000 after acquiring an additional 91,767 shares during the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.

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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