Buy, Sell or Hold: Tricon Capital Group (TCN-T) — Stock Predictions at Stockchase

TSE:TCN

16.63

0.08 (0.48%) 1d

Showing 1 to 15 of 212 entries

SELL

It's all about timing in the cycle. He'd be a seller now, not a buyer. Housing is cooling in the US, and we'll probably see that in Canada. This will be hit. Good operator, expanding. Time to be more defensive.

REAL ESTATE

BUY

Positive. Single-family rentals in the US. Has done well, and no reason this can't continue predicated on valuation. Implied cap rate is high 4%, whereas peers are between 4-4.5%. Home prices are appreciating.

REAL ESTATE

PAST TOP PICK

(A Top Pick Jun 25/20, Up 73.38%) Still bullish. A good citizen during pandemic, by not passing on rent increases to residents. Positive cashflow last year continuing into this year. Balance sheet cleaned up, lots of capital on hand. Still trades at discount to NAV.

REAL ESTATE

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Largely exposed to US housing. Partnerships and growth are good and valuation is decent. The stock price has good momentum as well. Unlock Premium - Try 5i Free

REAL ESTATE

TOP PICK

They have been doing a great job of putting up great results but the price did not reflect it. It has traded above a multi-year resistance level. There is good rent growth and good occupancy. She thinks the stock is just getting started. (Analysts’ price target is $15.37)

REAL ESTATE

TOP PICK

He likes the valuation. US residential in the sun belt. They are expecting a 10% home price inflation in the US in 2021. It is already trading at a discount to net asset value. It could be trading north of $15 in the future. The stock has been temporarily depressed. There is a big runway in single family housing. (Analysts’ price target is $15.29)

REAL ESTATE

PAST TOP PICK

(A Top Pick Jun 25/20, Up 50%) He would buy it again. It is one of the largest holdings in his fund today. The company focuses on residential in the US – single family rental space. They have a multi family portfolio also. They are in the US sun belt. They collected all the rents and rents went higher.

REAL ESTATE

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. It has gone through a corporate reorganization. The new focus on US single family houses has not shown results yet but its assets are solid and increasing in value. The stock is cheap at 12x earnings with shareholder support. Good growth potential. Unlock Premium - Try 5i Free

REAL ESTATE

STRONG BUY

Owns a lot of this. They operate mostly single-family rentals in the US sunbelt, plus a smaller apartment portfolio there with possibly synergy. They offer affordable rents. This sector will have huge net operating income growth in 2021-22. Forget that home prices have been rising double-digit in the U.S. and will continue--we're in a long supercycle for U.S. housing. Very bullish Tricon with a lot of upside.

REAL ESTATE

PAST TOP PICK

(A Top Pick Mar 05/20, Up 17%) Likes their strategy. Use technology adeptly, so margins and valuations have gone higher. Big runway.

REAL ESTATE

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)

REAL ESTATE

PAST TOP PICK

(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.

REAL ESTATE

TOP PICK

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)

REAL ESTATE

TOP PICK

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)

REAL ESTATE

PAST TOP PICK

(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.

REAL ESTATE

Showing 1 to 15 of 212 entries

Tricon Capital Group(TCN-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 8

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 9

Stockchase rating for Tricon Capital Group is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

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, 9 stock analysts published opinions about TCN-T. 8 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . 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 on . 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?

9 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 2021-09-24, Tricon Capital Group (TCN-T) stock closed at a price of $16.63.

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