Raymond James Financial, Inc. Cuts Tricon Capital Group Inc (TCN) Price Target to C$13.75
Tricon Capital Group Inc (TSE:TCN) had its target price reduced by Raymond James Financial, Inc. from C$14.00 to C$13.75 in a research report sent to investors on Friday morning. Raymond James Financial, Inc. currently has a strong-buy rating on the stock. Raymond James Financial also issued estimates for Tricon Capital Group’s Q4 2017 earnings at $0.19 EPS, Q3 2018 earnings at $0.24 EPS and Q4 2018 earnings at $0.23 EPS.
Several other research analysts also recently commented on TCN. TD Securities dropped their target price on shares of Tricon Capital Group from C$13.50 to C$13.00 and set a buy rating on the stock in a report on Friday, August 11th. Royal Bank Of Canada lifted their target price on shares of Tricon Capital Group from C$13.00 to C$14.00 and gave the stock an outperform rating in a report on Thursday.
Tricon Capital Group (TCN) opened at C$11.56 on Friday. Tricon Capital Group has a twelve month low of C$8.75 and a twelve month high of C$12.05.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Sunday, December 31st will be given a $0.065 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.26 annualized dividend and a yield of 2.25%. Tricon Capital Group’s dividend payout ratio is 61.37%.
Tricon Capital Group Company Profile
Tricon Capital Group Inc is a Canada-based company, which is a principal investor and asset manager focused on the residential real estate industry in North America. The Company operates through five segments: Private Funds and Advisory (PF&A), Principal Investing in Tricon Housing Partners (THP), Tricon American Homes (TAH), Tricon Lifestyle Communities (TLC) and Tricon Luxury Residences (TLR).
Receive News & Ratings for Tricon Capital Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tricon Capital Group Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.