Tricon Capital Group Inc (TSE:TCN) – Research analysts at Raymond James Financial decreased their Q4 2017 earnings per share (EPS) estimates for shares of Tricon Capital Group in a note issued to investors on Thursday. Raymond James Financial analyst K. Avalos now anticipates that the company will earn $0.19 per share for the quarter, down from their previous forecast of $0.23. Raymond James Financial has a “Strong-Buy” rating and a $13.75 price objective on the stock. Raymond James Financial also issued estimates for Tricon Capital Group’s Q3 2018 earnings at $0.24 EPS and Q4 2018 earnings at $0.23 EPS.
A number of other analysts have also recently weighed in on the company. Canaccord Genuity increased their price objective on Tricon Capital Group from C$13.25 to C$13.50 in a research report on Monday. CIBC raised their price target on Tricon Capital Group from C$13.00 to C$13.25 in a report on Monday. TD Securities reduced their price target on Tricon Capital Group from C$13.00 to C$12.50 and set a “buy” rating for the company in a report on Tuesday, September 26th. Finally, Royal Bank Of Canada raised their price target on Tricon Capital Group from C$13.00 to C$14.00 and gave the company an “outperform” rating in a report on Thursday, November 9th.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Sunday, December 31st will be issued a dividend of $0.065 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.26 annualized dividend and a yield of 2.28%. Tricon Capital Group’s dividend payout ratio is presently 62.25%.
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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