TSE:TCN
10.88
0.16
(1.45%)
Tricon Capital Group
TCN-T
Analysis and Opinions about TCN-T
Signal
Opinion
Expert
TOP PICK
TOP PICK
Owns 21,000 single-family units in the US sunbelt; this sector has seen a major tailwind during Covid. Covid has seen strong demand for spacious, suburban housing. Renting such a single-family home is cheaper (by sq. ft.) than a multi-family unit. TCN has enjoyed cash flow grow. Compared to its U.S. peers, TCN is very cheap. It has 50-80% upside if you apply the same valuation against its peers, like Invitation Homes, and apply the cap rate in its apartment holdings vs. peers. A vote of confidence happened when Blackstone invested in TCN. (Analysts’ price target is $12.69)
PAST TOP PICK
PAST TOP PICK
September 29, 2020
(A Top Pick Jun 25/20, Up 25%) Blackstone did a $300 million preferred investment in Tricon, a great vote of confidence in this company. TCN is a single-family rental home operator, mostly in the U.S. They were a major consolidator, post-2009 recession, exited at the end of 2019, but just re-entered the business. That's why the stock has rallied.
(A Top Pick Jun 25/20, Up 25%) Blackstone did a $300 million preferred investment in Tricon, a great vote of confidence in this company. TCN is a single-family rental home operator, mostly in the U.S. They were a major consolidator, post-2009 recession, exited at the end of 2019, but just re-entered the business. That's why the stock has rallied.
TOP PICK
TOP PICK
September 29, 2020
Focused on single-family rental homes in US and multi-family apartments in Toronto. The latter class has benefitted from the work-from-home trend as well as millennials looking for more space as they start families. Offers affordable middle-market homes at lower rents than high-rise apartment buildings. Still trades at a discount to NAV despite at a 98% occupancy. Loves management and its capital allocation plan. (Analysts’ price target is $2.28)
Show full opinionHide full opinionFocused on single-family rental homes in US and multi-family apartments in Toronto. The latter class has benefitted from the work-from-home trend as well as millennials looking for more space as they start families. Offers affordable middle-market homes at lower rents than high-rise apartment buildings. Still trades at a discount to NAV despite at a 98% occupancy. Loves management and its capital allocation plan. (Analysts’ price target is $2.28)
TOP PICK
TOP PICK
June 25, 2020
They are primarily focused on residential single family homes in the US. They focus more mid-market than their peers. The rents are lower so affordable for tenants today. About 98% occupied. There has been a lot of demand for people leaving high rises for single family homes. (Analysts’ price target is $11.39)
Show full opinionHide full opinionThey are primarily focused on residential single family homes in the US. They focus more mid-market than their peers. The rents are lower so affordable for tenants today. About 98% occupied. There has been a lot of demand for people leaving high rises for single family homes. (Analysts’ price target is $11.39)
PAST TOP PICK
PAST TOP PICK
April 30, 2020
(A Top Pick Mar 05/20, Down 28%) They are primarily in the single family home rental sector. He thinks this is a highly defensive sector. They also own some multi-family in the sun belt. They have very affordable rents and that is the key. It sold off because the market thinks their leverage is too high. It is a talented management team.
Show full opinionHide full opinion(A Top Pick Mar 05/20, Down 28%) They are primarily in the single family home rental sector. He thinks this is a highly defensive sector. They also own some multi-family in the sun belt. They have very affordable rents and that is the key. It sold off because the market thinks their leverage is too high. It is a talented management team.
TOP PICK
TOP PICK
March 5, 2020
70% of their portfolio is the single family US rental homes. 18% discount to NAV with peers at a premium. Very strong management and a great board. (Analysts’ price target is $13.65)
Show full opinionHide full opinion70% of their portfolio is the single family US rental homes. 18% discount to NAV with peers at a premium. Very strong management and a great board. (Analysts’ price target is $13.65)
WATCH
WATCH
February 24, 2020
What's the breakout point and how do you know where and when it is? It's been range-bound for three years, bottoming about $9.50 and topping at $12. Now, we're at the top. Look for the chart to move higher (with good volume) to confirm this move up. This is significant, because four times before it has not. Then, it may fall back to $12 to test that breakout.
Show full opinionHide full opinionWhat's the breakout point and how do you know where and when it is? It's been range-bound for three years, bottoming about $9.50 and topping at $12. Now, we're at the top. Look for the chart to move higher (with good volume) to confirm this move up. This is significant, because four times before it has not. Then, it may fall back to $12 to test that breakout.
TOP PICK
TOP PICK
February 4, 2020
They own 35,000 single-family homes in the US southwest. TCN has scale; they can manage all these homes. They pay a 3.5% dividend and he predicts strong growth. Hard to copy this company. (Analysts’ price target is $13.45)
Show full opinionHide full opinionThey own 35,000 single-family homes in the US southwest. TCN has scale; they can manage all these homes. They pay a 3.5% dividend and he predicts strong growth. Hard to copy this company. (Analysts’ price target is $13.45)
DON'T BUY
DON'T BUY
January 22, 2020
Step back and long at the long picture of TCN. He sold it six years ago and hasn't done much since. They've done the right things and are in the right markets, but he's wary of their corporate compensation. What are the incentives of the management team? TCN has disappointed him.
Show full opinionHide full opinionStep back and long at the long picture of TCN. He sold it six years ago and hasn't done much since. They've done the right things and are in the right markets, but he's wary of their corporate compensation. What are the incentives of the management team? TCN has disappointed him.
WEAK BUY
WEAK BUY
January 21, 2020
A great story in real estate management. It's in a small up channel with resistance at the top. He's moderately bullish, expecting it to revisit $11.50 and eventually break above $12. He's decide whether to sell if it hits $12.
Show full opinionHide full opinionA great story in real estate management. It's in a small up channel with resistance at the top. He's moderately bullish, expecting it to revisit $11.50 and eventually break above $12. He's decide whether to sell if it hits $12.
BUY
BUY
January 15, 2020
A REIT specializing in raw land Where? Long-term holdings of land can be lucrative--depending on location. Raw land is no good as a bond proxy--no income and you pay expenses. There are few public land development companies. Tricon and Howard Hughes (a past top pick) will give you some exposure and are well-run.
A REIT specializing in raw land Where? Long-term holdings of land can be lucrative--depending on location. Raw land is no good as a bond proxy--no income and you pay expenses. There are few public land development companies. Tricon and Howard Hughes (a past top pick) will give you some exposure and are well-run.
TOP PICK
TOP PICK
January 15, 2020
Shrewd managers. Pays a 2.6% dividend. He targets $13.50. They're entirely in residential real estate which he likes--single-family homes in the southern US, and 7,200 US apartments, also land development. They're in high-growth markets. The stock is now cheap due to a big acquisition and a stock issuance. Expect a recovery this year. (Analysts’ price target is $13.33)
Shrewd managers. Pays a 2.6% dividend. He targets $13.50. They're entirely in residential real estate which he likes--single-family homes in the southern US, and 7,200 US apartments, also land development. They're in high-growth markets. The stock is now cheap due to a big acquisition and a stock issuance. Expect a recovery this year. (Analysts’ price target is $13.33)
WAIT
WAIT
December 31, 2019
It's been rangebound, so consistently in the past three years. Given this, you can buy at the support level around $9, then sell at $11-12 (resistance). Point is: you can trade this. Now, it's right in the middle. So, don't jump on it, not worth a buy or sell. So, wait.
Show full opinionHide full opinionIt's been rangebound, so consistently in the past three years. Given this, you can buy at the support level around $9, then sell at $11-12 (resistance). Point is: you can trade this. Now, it's right in the middle. So, don't jump on it, not worth a buy or sell. So, wait.
PAST TOP PICK
PAST TOP PICK
December 2, 2019
(A Top Pick Dec 05/18, Up 15%) They hold single-family rental homes. They confused investors last summer when they bought some apartments, but long term this is a good strategy, because they're trying to create an asset management platform. They would be the asset manager, raise third-party capital and collect a fee on them. This confusion has pressured the stock, but the stock has since rebounded.
Show full opinionHide full opinion(A Top Pick Dec 05/18, Up 15%) They hold single-family rental homes. They confused investors last summer when they bought some apartments, but long term this is a good strategy, because they're trying to create an asset management platform. They would be the asset manager, raise third-party capital and collect a fee on them. This confusion has pressured the stock, but the stock has since rebounded.
TOP PICK
TOP PICK
November 27, 2019
A large holding for him in the rental residential space. Single family rentals. You can rent a house, cheaper than renting an apartment. It is currently trading at a 20% discount to NAV, so there is some great capital growth opportunity as well. Yield 2.56% (Analysts’ price target is $13.06)
Show full opinionHide full opinionA large holding for him in the rental residential space. Single family rentals. You can rent a house, cheaper than renting an apartment. It is currently trading at a 20% discount to NAV, so there is some great capital growth opportunity as well. Yield 2.56% (Analysts’ price target is $13.06)
Tricon Capital Group(TCN-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 6
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 7
Tricon Capital Group(TCN-T) Frequently Asked Questions
What is Tricon Capital Group stock symbol?
Tricon Capital Group is a Canadian stock, trading under the symbol TCN-T on the Toronto Stock Exchange (TCN-CT). It is usually referred to as TSX:TCN or TCN-T
Is Tricon Capital Group a buy or a sell?
In the last year, 7 stock analysts published opinions about TCN-T. 6 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is TOP PICK. Read the latest stock experts' ratings for Tricon Capital Group.
Is Tricon Capital Group a good investment or a top pick?
Tricon Capital Group was recommended as a Top Pick by Andrew Moffs on 2020-11-10. Read the latest stock experts ratings for Tricon Capital Group.
Why is Tricon Capital Group stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Tricon Capital Group worth watching?
7 stock analysts on Stockchase covered Tricon Capital Group In the last year. It is a trending stock that is worth watching.
What is Tricon Capital Group stock price?
On 2020-11-24, Tricon Capital Group (TCN-T) stock closed at a price of $10.88.
Owns 21,000 single-family units in the US sunbelt; this sector has seen a major tailwind during Covid. Covid has seen strong demand for spacious, suburban housing. Renting such a single-family home is cheaper (by sq. ft.) than a multi-family unit. TCN has enjoyed cash flow grow. Compared to its U.S. peers, TCN is very cheap. It has 50-80% upside if you apply the same valuation against its peers, like Invitation Homes, and apply the cap rate in its apartment holdings vs. peers. A vote of confidence happened when Blackstone invested in TCN. (Analysts’ price target is $12.69)