Tricon Capital Group Inc to Post Q4 2017 Earnings of $0.19 Per Share, Raymond James Financial Forecasts (TCN)
Tricon Capital Group Inc (TSE:TCN) – Stock analysts at Raymond James Financial decreased their Q4 2017 earnings estimates for Tricon Capital Group in a research report issued to clients and 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 prior estimate of $0.23. Raymond James Financial currently has a “Strong-Buy” rating and a $13.75 target price 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.
TCN has been the topic of several other reports. TD Securities cut their target price on shares of Tricon Capital Group from C$13.00 to C$12.50 and set a “buy” rating on the stock in a report on Tuesday, September 26th. Royal Bank Of Canada increased 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, November 9th. CIBC increased their target price on shares of Tricon Capital Group from C$13.00 to C$13.25 in a report on Monday. Finally, Canaccord Genuity increased their target price on shares of Tricon Capital Group from C$13.25 to C$13.50 in a report on Monday.
Tricon Capital Group (TCN) opened at C$11.41 on Monday. 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 disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Sunday, December 31st will be given a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Thursday, December 28th. 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 & Stock 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 stocks with our FREE daily email newsletter.