Reassessing The Changing Outlook For Tricon Residential Inc (TCN)

Currently, there are 272.84M common shares owned by the public and among those 259.62M shares have been available to trade.

Insiders at the company have transacted a total of 39 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 32 of these insider trades were purchases, accounting for 405,021 shares. Insider sales of the common stock occurred on 7 occasions, with total insider shares sold totaling 495,133 shares.

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The company’s stock has a 5-day price change of 0.00% and 63.99% over the past three months. TCN shares are trading 21.10% year to date (YTD), with the 12-month market performance up to 26.09% higher. It has a 12-month low price of $6.53 and touched a high of $11.15 over the same period. TCN has an average intraday trading volume of 4.92 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 10.48%, 21.48%, and 31.88% respectively.

Institutional ownership of Tricon Residential Inc (NYSE: TCN) shares accounts for 74.21% of the company’s 272.84M shares outstanding.

It has a market capitalization of $3.01B. The stock’s trailing 12-month PE ratio is 17.63, while the earnings-per-share (ttm) stands at $0.62. The company has a debt-to-equity ratio at 1.53. Price movements for the stock have been influenced by the stock’s volatility, which stands at 0.29% over the week and 1.35% over the month.

Analysts forecast that Tricon Residential Inc (TCN) will achieve an EPS of $0.12 for the current quarter, $0.13 for the next quarter and $0.53 for 2024. The lowest estimate earnings-per-share for the quarter is $0.11 while analysts give the company a high EPS estimate of $0.14. Comparatively, EPS for the current quarter was $0.11 a year ago. Earnings per share for the fiscal year are expected to decrease by -70.96%, and -7.83% over the next financial year.

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