Tricon Residential (TCN – Research Report), was revisited by a Wall Street analyst yesterday. Analyst Mark Rothschild from Canaccord Genuity reiterated a Buy rating, with a $11.00 price target.
According to TipRanks.com, Rothschild is a 5-star analyst with an average return of 9.3% and a 65.3% success rate. Rothschild covers the NA sector, focusing on stocks such as Allied Properties Real Estate Investment Trust, Flagship Communities REIT Investment Trust, and Choice Properties Real Estate Investment.
Tricon Residential has an analyst consensus of Moderate Buy, with a price target consensus of C$14.27.
Tricon Residential’s market cap is currently C$2.61B and has a P/E ratio of 6.53.
Tricon Residential Inc is a rental housing company focused on serving the middle-market demographic. The company operates under five reportable segments: Tricon American Homes, Tricon Lifestyle Rentals U.S., Tricon Lifestyle Rentals Canada, Tricon Housing Partners, and Private Funds and Advisory. Tricon owns and operates approximately 30,000 single-family rental homes and multi-family rental units in around 21 markets across the United States and Canada, managed with an integrated technology-enabled operating platform.
The company’s shares closed last Tuesday at C$10.01.
