Tricon Capital Group Inc (TCN) Given New C$13.50 Price Target at Canaccord Genuity

Tricon Capital Group Inc (TSE:TCN) had its target price increased by Canaccord Genuity from C$13.25 to C$13.50 in a research note published on Monday morning.

Other analysts also recently issued reports about the company. CIBC increased their price objective on Tricon Capital Group from C$13.00 to C$13.25 in a research note on Monday. TD Securities lowered their price objective on Tricon Capital Group from C$13.00 to C$12.50 and set a buy rating for the company in a research note on Tuesday, September 26th. Royal Bank Of Canada increased their price objective on Tricon Capital Group from C$13.00 to C$14.00 and gave the stock an outperform rating in a research note on Thursday, November 9th. Finally, Raymond James Financial, Inc. lowered their price objective on Tricon Capital Group from C$14.00 to C$13.75 and set a strong-buy rating for the company in a research note on Friday.

Shares of Tricon Capital Group (TSE:TCN) traded down C$0.15 during trading on Monday, hitting C$11.41. The stock had a trading volume of 154,983 shares, compared to its average volume of 259,065. Tricon Capital Group has a 12-month low of C$8.75 and a 12-month high of C$12.05.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Sunday, December 31st will be issued a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Thursday, December 28th. Tricon Capital Group’s dividend payout ratio is presently 61.37%.

About Tricon Capital Group

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).

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