Tricon Residential (TCN – Research Report), was revisited today, and remains undervalued for at least one analyst on the street. Scotiabank’s analyst Mario Saric reiterates their Buy rating on the shares, with a $10.25 price target.
According to TipRanks.com, Saric is a 5-star analyst with an average return of 11.7% and a 64.0% success rate. Saric covers the NA sector, focusing on stocks such as Allied Properties Real Estate Investment Trust, NorthWest Healthcare Properties REIT, and Dream Office Real Estate Investment.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tricon Residential with a C$14.12 average price target, representing a 43.9% upside. In a report released yesterday, Canaccord Genuity also maintained a Buy rating on the stock with a $11.00 price target.
The company has a one-year high of C$12.55 and a one-year low of C$9.21. Currently, Tricon Residential has an average volume of 467.9K.
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 Wednesday at C$9.92.
