Tricon Capital Group (TCN) Stock Rating Lowered by TD Securities

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TD Securities lowered shares of Tricon Capital Group (TSE:TCN) from an action list buy rating to a buy rating in a report published on Thursday, BayStreet.CA reports. The firm currently has C$13.50 target price on the stock, down from their previous target price of C$14.50.

Separately, Raymond James upped their price objective on shares of Tricon Capital Group from C$13.00 to C$13.25 and gave the stock a strong-buy rating in a research report on Monday, March 4th.

TCN stock opened at C$10.63 on Thursday. Tricon Capital Group has a 12 month low of C$9.33 and a 12 month high of C$11.88. The firm has a market capitalization of $1.52 billion and a P/E ratio of 8.29. The company has a quick ratio of 1.56, a current ratio of 1.91 and a debt-to-equity ratio of 31.42.

Tricon Capital Group (TSE:TCN) last announced its quarterly earnings data on Wednesday, February 27th. The company reported C$0.40 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.22 by C$0.18. The firm had revenue of C$79.73 million for the quarter. On average, equities research analysts forecast that Tricon Capital Group will post 0.910000010741265 earnings per share for the current fiscal year.

In other news, Director Gary Berman acquired 5,050 shares of the business’s stock in a transaction on Monday, April 8th. The stock was bought at an average price of C$10.75 per share, for a total transaction of C$54,287.50. Following the transaction, the director now owns 451,651 shares in the company, valued at C$4,855,248.25.

Tricon Capital Group Company Profile

Tricon Capital Group Inc is a principal investor and asset manager focused on the residential real estate industry in North America. The firm owns and manages on behalf of third-party investors a portfolio of investments in land and homebuilding assets, single-family rental homes, manufactured housing communities, and multi-family development projects.

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