Tricon Capital Group Inc (TSE:TCN) – Research analysts at National Bank Financial decreased their FY2019 EPS estimates for Tricon Capital Group in a research note issued on Sunday, November 10th. National Bank Financial analyst T. Woolley now anticipates that the company will post earnings per share of $1.03 for the year, down from their previous estimate of $1.04. National Bank Financial also issued estimates for Tricon Capital Group’s FY2020 earnings at $1.03 EPS.
TCN has been the subject of several other research reports. CIBC reduced their target price on shares of Tricon Capital Group from C$14.00 to C$13.75 in a report on Friday, August 9th. Royal Bank of Canada reduced their target price on shares of Tricon Capital Group from C$14.00 to C$13.00 in a report on Monday, July 22nd. Finally, Raymond James restated an “outperform” rating and set a C$12.00 target price on shares of Tricon Capital Group in a report on Friday, November 8th.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend was Friday, September 27th. Tricon Capital Group’s payout ratio is 28.15%.
Tricon Capital Group Company Profile
Tricon Capital Group Inc is a principal investor and asset manager focused on the residential real estate industry in North America. The firm owns and manages on behalf of third-party investors a portfolio of investments in land and homebuilding assets, single-family rental homes, manufactured housing communities, and multi-family development projects.
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