Shares of Tricon Residential Inc. (TSE:TCN – Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$12.79 and traded as high as C$15.16. Tricon Residential shares last traded at C$15.08, with a volume of 117,252 shares changing hands.
Analyst Ratings Changes
A number of equities research analysts have recently commented on TCN shares. National Bankshares cut shares of Tricon Residential from a “sector perform” rating to a “tender” rating and raised their price objective for the stock from C$11.00 to C$15.17 in a research note on Monday, February 5th. BMO Capital Markets downgraded Tricon Residential from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from C$12.50 to C$15.15 in a research report on Monday, January 22nd.
Check Out Our Latest Research Report on TCN
Tricon Residential Stock Down 0.3 %
Tricon Residential (TSE:TCN – Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The company reported C($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.20 by C($0.38). The company had revenue of C$308.26 million during the quarter, compared to analysts’ expectations of C$171.82 million. Tricon Residential had a net margin of 12.91% and a return on equity of 3.18%. Research analysts forecast that Tricon Residential Inc. will post 1.0514403 EPS for the current fiscal year.
Insider Buying and Selling at Tricon Residential
In other Tricon Residential news, Director Ira Gluskin sold 100,000 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of C$15.12, for a total value of C$1,512,000.00. Insiders have sold 365,841 shares of company stock worth $5,530,979 over the last three months. Insiders own 3.38% of the company’s stock.
Tricon Residential Company Profile
Tricon Residential Inc (NYSE: TCN, TSX: TCN) is an owner, operator and developer of a growing portfolio of approximately 38,000 single-family rental homes in the U.S. Sun Belt and multi-family apartments in Toronto, Canada. Our commitment to enriching the lives of our employees, residents and local communities underpins Tricon's culture and business philosophy.
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