TSX:TCN - Post Discussion
Post by
retiredcf on Jun 15, 2021 8:06am
Radman's Details
Second stock in the clip. She also owns it personally as well as in her fund. GLTA
https://www.bnnbloomberg.ca/video/jennifer-radman-s-top-picks~2221938
Tricon Residential (TCN TSX) is a rental housing company operating over 31,000 single-family and multi-family rental properties in 21 markets across the United States and Canada. The stock has recently broken out of a multi-year trading range. The company’s single-family portfolio is attractively positioned in the U.S. Sunbelt, which is seeing favorable demographic tailwinds. Rental rates and increasing, utilization is strong and the company is seeing good operating leverage across the business model. It also continues to attract assets from institutional investors, which increasingly provide it with an additional management fee revenue stream. TOP PICK
Tricon Capital Group
(TCN-T)
June 14, 2021
They have been doing a great job of putting up great results but the price did not reflect it. It has traded above a multi-year resistance level. There is good rent growth and good occupancy. She thinks the stock is just getting started. (Analysts’ price target is $15.37)
REAL ESTATE
Jennifer Radman
Price
$13.54
Owned
Yes
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