Tricon Residential Inc (TCN) concluded trading on Wednesday at a closing price of $11.11, with 5.84 million shares of worth about $64.88 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 39.92% during that period and on Wednesday the price saw a gain of about 0.18%. Currently the company’s common shares owned by public are about 272.84M shares, out of which, 238.34M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 36 times over the past 12 months. They bought 401,721 shares in 29 of the transactions. In 7 selling transactions, insiders dumped 495,133 shares.
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Stock saw a price change of 0.63% in past 5 days and over the past one month there was a price change of 0.82%. Year-to-date (YTD), TCN shares are showing a performance of 22.09% which increased to 26.97% 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 $11.15 during that period. The average intraday trading volume for Tricon Residential Inc shares is 5.57 million. The stock is currently trading 0.71% above its 20-day simple moving average (SMA20), while that difference is up 13.32% for SMA50 and it goes to 30.07% higher than SMA200.
Tricon Residential Inc (NYSE: TCN) currently have 272.84M outstanding shares and institutions hold larger chunk of about 69.63% of that.
The stock has a current market capitalization of $3.04B. PE ratio of stock for trailing 12 months is 17.78, 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 0.38% while standing at 0.30% 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 -71.97% while it is estimated to increase by 7.21% in next year.
On August 10, 2023, National Bank Financial Downgrade their recommendations, while on March 22, 2023, Mizuho Initiated their ratings for the stock with a price target of $9. Stock get an Outperform rating from Wolfe Research on March 14, 2023.
