For Tricon Residential Inc. [TCN], Analyst sees a rise to $9.25. What next?

Tricon Residential Inc. [NYSE: TCN] surged by $0.19 during the normal trading session on Tuesday and reaching a high of $8.16 during the day while it closed the day at $7.84. The company report on March 13, 2023 that Tricon Residential Releases 2022 ESG Annual Report.

ESG Report Highlights Tricon’s Success in Delivering on Our Promise of a People-First Culture, Outstanding Resident Experience and Environmental Sustainability.

Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”), an owner and operator of single-family rental homes in the U.S. Sun Belt and multi-family rental apartments in Canada, today released its annual Environmental, Social and Corporate Governance (“ESG”) report. The report is a comprehensive review of the Company’s progress towards its ESG commitments in five areas of focus: Our People, Our Residents, Our Impact, Our Governance, and Our Innovation. The Company also provided an update on its ESG ranking improvements for 2022.

Tricon Residential Inc. stock has also loss -4.39% of its value over the past 7 days. However, TCN stock has inclined by 0.90% in the 3 months of the year. Over the past six months meanwhile, it has lost -28.86% and gained 1.69% year-on date.

The market cap for TCN stock reached $3.06 billion, with 274.51 million shares outstanding and 266.06 million shares in the current float. Compared to the average trading volume of 889.01K shares, TCN reached a trading volume of 4554425 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Tricon Residential Inc. [TCN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TCN shares is $10.32 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TCN stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wolfe Research have made an estimate for Tricon Residential Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 14, 2023. The new note on the price target was released on December 15, 2022, representing the official price target for Tricon Residential Inc. stock. Previously, the target price had yet another drop from $11 to $9.50, while Goldman kept a Neutral rating on TCN stock.

The Average True Range (ATR) for Tricon Residential Inc. is set at 0.29, with the Price to Sales ratio for TCN stock in the period of the last 12 months amounting to 2.75. The Price to Book ratio for the last quarter was 0.41, with the Price to Cash per share for the same quarter was set at 0.72. Price to Free Cash Flow for TCN in the course of the last twelve months was 11.25 with Quick ratio for the last quarter at 0.30.

TCN stock trade performance evaluation

Tricon Residential Inc. [TCN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.39. With this latest performance, TCN shares dropped by -10.91% in over the last four-week period, additionally sinking by -28.86% over the last 6 months – not to mention a drop of -49.87% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TCN stock in for the last two-week period is set at 39.22, with the RSI for the last a single of trading hit 37.26, and the three-weeks RSI is set at 41.65 for Tricon Residential Inc. [TCN]. The present Moving Average for the last 50 days of trading for this stock 8.39, while it was recorded at 7.85 for the last single week of trading, and 9.37 for the last 200 days.

Tricon Residential Inc. [TCN]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Tricon Residential Inc. [TCN] shares currently have an operating margin of +33.97 and a Gross Margin at +70.29. Tricon Residential Inc.’s Net Margin is presently recorded at +95.79.

Return on Equity for this stock inclined to 22.40, with Return on Assets sitting at 7.09.

Tricon Residential Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 and a Current Ratio set at 0.30.

Tricon Residential Inc. [TCN]: Insider Ownership positions

There are presently around $1,167 million, or 69.80% of TCN stock, in the hands of institutional investors. The top three institutional holders of TCN stocks are: BANK OF MONTREAL /CAN/ with ownership of 18,010,603, which is approximately -44.515% of the company’s market cap and around 2.85% of the total institutional ownership; T. ROWE PRICE INVESTMENT MANAGEMENT, INC., holding 16,487,824 shares of the stock with an approximate value of $129.26 million in TCN stocks shares; and COHEN & STEERS, INC., currently with $110.33 million in TCN stock with ownership of nearly -0.578% of the company’s market capitalization.

Positions in Tricon Residential Inc. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 79 institutional holders increased their position in Tricon Residential Inc. [NYSE:TCN] by around 26,385,734 shares. Additionally, 65 investors decreased positions by around 35,031,505 shares, while 12 investors held positions by with 87,380,698 shares. The mentioned changes placed institutional holdings at 148,797,937 shares, according to the latest SEC report filing. TCN stock had 25 new institutional investments in for a total of 4,563,338 shares, while 21 institutional investors sold positions of 2,777,138 shares during the same period.