Tricon Residential Inc (TCN) concluded trading on 12/27/23 at a closing price of $9.32, with 3.27 million shares of worth about $30.44 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 7.13% during that period and on Wednesday the price saw a gain of about 0.98%. Currently the company’s common shares owned by public are about 272.84M shares, out of which, 256.85M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 12 analysts are covering the TCN stock and their offered price forecasts bring an average price target of $9.63. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $10.80 and could fall to a lowest price of $7.95. The stock’s current price level is 2.51% above of average price target set by the analysts, while a rise to estimated low would result in loss of -17.23% for the stock. However, touching the estimated high of $10.80 would mean a gain of 13.7% for the stock.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 80 times over the past 12 months. They bought 1,128,612 shares in 71 of the transactions. In 9 selling transactions, insiders dumped 1,731,466 shares.
T Rowe Price Small Cap Value Fund, British Columbia Inv Management C, and Delaware Small Cap Value Fund are the top 3 mutual funds which are holding stakes in Tricon Residential Inc T Rowe Price Small Cap Value Fund is currently holding 6.47 million shares of worth totaling $51.0 million. The company recently came selling 13800.0 shares which brought its stake up to 2.37% of the company’s outstanding shares. British Columbia Inv Management C bought 5.45 million shares, after which its hold over company’s outstanding shares expand to 2.09%, leaving 5.7 million shares with the mutual fund that have a worth of about $44.89 million. Delaware Small Cap Value Fund, after selling 3.96 million shares, have now control over 1.45% of the stake in the company. It holds -0.73 million shares of worth $31.2 million.
Tricon Residential Inc (NYSE: TCN) started trading at $9.28, above $0.05 from concluding price of the previous day. However, the stock later moved at a day high price of 9.35, or with a gain of 0.98%. Stock saw a price change of 2.42% in past 5 days and over the past one month there was a price change of 16.79%. Year-to-date (YTD), TCN shares are showing a performance of 20.88% which increased to 22.15% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.53 but also hit the highest price of $9.56 during that period. The average intraday trading volume for Tricon Residential Inc shares is 1.64 million. The stock is currently trading 10.42% above its 20-day simple moving average (SMA20), while that difference is up 21.11% for SMA50 and it goes to 15.10% higher than SMA200.
Tricon Residential Inc (NYSE: TCN) currently have 272.84M outstanding shares and institutions hold larger chunk of about 70.66% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over — and — of the stake respectively.
The stock has a current market capitalization of $2.54B. PE ratio of stock for trailing 12 months is 14.91, while it has posted earnings per share of $0.62 in the same period. It has a debt-to-equity ratio of 1.53. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TCN, volatility over the week remained 2.12% while standing at 2.74% over the month.
Analysts are in expectations that Tricon Residential Inc (TCN) stock would likely to be making an EPS of $0.12 in the current quarter, while forecast for next quarter EPS is $0.13 and it is $0.53 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.11 which is $0.14 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.11 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -70.96% while it is estimated to decrease by -7.83% in next year.
Analysts at 12 brokerage firms have issued recommendations for the Tricon Residential Inc (TCN)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.50. Out of those 12 Wall Street analysts, 9 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
