Tricon Capital Group Inc (TSE:TCN) – Investment analysts at Raymond James lowered their FY2019 earnings per share (EPS) estimates for shares of Tricon Capital Group in a research report issued to clients and investors on Thursday, November 7th. Raymond James analyst J. Rodrigues now anticipates that the company will post earnings per share of $1.00 for the year, down from their previous estimate of $1.02. Raymond James currently has a “Outperform” rating and a $12.00 price target on the stock. Raymond James also issued estimates for Tricon Capital Group’s Q4 2019 earnings at $0.22 EPS, Q1 2020 earnings at $0.28 EPS, FY2020 earnings at $1.15 EPS, Q1 2021 earnings at $0.28 EPS, Q2 2021 earnings at $0.29 EPS, Q3 2021 earnings at $0.30 EPS and FY2021 earnings at $1.20 EPS.
A number of other brokerages have also recently weighed in on TCN. CIBC cut their price objective on shares of Tricon Capital Group from C$14.00 to C$13.75 in a report on Friday, August 9th. Royal Bank of Canada dropped their target price on shares of Tricon Capital Group from C$14.00 to C$13.00 in a research note on Monday, July 22nd.
Shares of TCN opened at C$10.83 on Monday. The stock has a market cap of $2.12 billion and a PE ratio of 14.52. The company has a debt-to-equity ratio of 27.05, a quick ratio of 0.32 and a current ratio of 0.43. Tricon Capital Group has a fifty-two week low of C$9.33 and a fifty-two week high of C$11.73. The firm’s 50-day simple moving average is C$10.58 and its two-hundred day simple moving average is C$10.31.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were paid a $0.07 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.28 annualized dividend and a dividend yield of 2.59%. Tricon Capital Group’s dividend payout ratio is presently 28.15%.
About Tricon Capital Group
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.
Further Reading: What are the economic characteristics of a bear market?
Receive News & Ratings for Tricon Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tricon Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.