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Bullboard - Stock Discussion Forum Tricon Residential T.TCN

Alternate Symbol(s):  TCNGF

Tricon Residential Inc is a rental housing company catering to the middle-market demographic throughout the United States and Canada. The company owns and manages approximately 29000 single-family rental homes and multi-family rental units through an integrated, technology-enabled operating platform.

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@ the Bell: The worst 1st half for stocks in decades
Gains in crude prices pushed futures for Canada’s main stock index higher on Monday although recession fears continued to weigh on sentiment.Canada’s competition bureau said that Rogers Communicat... read article.

today's wall street journal

Bidding Wars Overheated the Home-Buyer Market, Now They’re Coming for Renters Large rental landlords also report having more business than they can handle. “In any given week, we get over 13,000...read more

CIBC Revised Targets

CIBC World Markets analyst Scott Fromson, Sumayya Syed, Dean Wilkinson reduced their target prices for real estate equities on Monday. Their changes included: Allied Properties Real Estate...read more

Blackstone

In May of 2020, Blackstone bought a position in Tricon Residential and paid book value for the shares. The stock is now trading at 87% of the book value. It would not surprise me if Blackstone are...read more

Analyst Recommendation

https://www.bnnbloomberg.ca/video/brendan-caldwell-discusses-tricon-residential~2472377 BUY Tricon Residential (TCN-TSX) 23/06/2022 at 08:00pm   Currently owns shares. Has significant...read more
@ the Bell: Energy & mining recover to lift TSX
Following a nasty session in the red, Canada’s main stock index rose more than 300 points in Friday trading. Gains were led by the energy and base metal sectors.After two brutal weeks brought... read article.

RE:Re: aisle 3

I will wait for the earlier of the return to new highs or Blackstone buying them out.   rate and reply
Buzz on the Bullboards: Another summer of uncertainty?
In times of uncertainty in the markets, investors tend to focus on more consistent plays.Not all investors are basking in summer vacations and backyard barbeques. For those who are still plugged... read article.

New Press Release - Tricon Announces Voting Results from Annual and Special Meeting of Shareholders

Tricon Residential Inc. (“Tricon” or the “Company”) (NYSE: TCN, TSX: TCN), an owner and operator of single-family rental homes and multi-family rental apartments in the United States and Canada, is pleased to announce that it has received shareholder approval for all resolutions voted upon at its...read article.

Re: aisle 3

This " sale" may continue for a while yet. Keep your gun warm and your powder dry. Don't risk shooting yourself in the foot.  rate and reply

Tricon on sale in Aisle 3

Buy and hold. Get paid to wait.  rate and reply

Scotiabank

Scotiabank analyst Mario Saric sees REIT prices tied to the domestic economy, “Higher rates and recession fears still dominate REIT unit prices, which have lagged the TSX by 9% year-to-date (-19% vs...read more

Oversold

There are over 60 oversold, technically attractive index constituents by RSI this week and the 25 most oversold are listed in the table below. The top five are Dream Office REIT, AltaGas Ltd., Tricon...read more

Suggestion

Q: Is there a REIT or two that provides high growth potential and high dividend yield? Given the current market circumstances, I might be able to get something at a deflated price. We like DIR.un...read more

RBC Notes

Portfolio Value – TCN We estimate that TCN trades at a 33% discount to its portfolio value, and more with upside from ancillary/fee businesses  We...read more

RE:RE:17.68$......

You don't wait, you just sell.,   Remember my advice  rate and reply

Oversold

No surprise here. GLTA Oversold stocks on the TSX                  ...read more

Another Reason - Confusion?

Q: Federal Liberals are reviewing tax treatment of residential REITS claiming "(REITs) are increasingly trying to amass large portfolios of Canadian rental housing, putting upward pressure on...read more

RE:Reason for Decline?

Yes...but economics 101...rising rates bad for reits/interest sensitive investments...when the powers to be stop with the rate adjustments the sector should bottom out and react slowly..until then I...read more

Globe & Mail

08:42 AM EDT, 06/09/2022 (MT Newswires) -- Tricon Residential Inc. (TCN.TO, TCN), owner and operator of single-family rental homes and multi-family rental apartments in the US and Canada, on Thursday...read more

New Press Release - Tricon Launches Market-Leading Down Payment Assistance Program, Expands Environmental Sustainability Initiatives and Releases ESG Report

Tricon Residential Inc. (“Tricon” or the “Company”) (NYSE: TCN, TSX: TCN), an owner and operator of single-family rental homes and multi-family rental apartments in the United States and Canada, provided an update today on its Environmental, Social, and Governance (“ESG”) initiatives. The Company...read article.

Reason for Decline?

Q: Other than higher interest rates, is there a reason why the US housing REITS such as Tricon Residential or BSR REIT have been so weak of late?  Other than rates, investors seem worried...read more

Raymond James

Raymond James’ Brad Sturges moved his Tricon Residential Inc.  target to US$17 from US$18.50, above the US$16.67 average, with an “outperform” rating. “We expect that Tricon’s U.S...read more