Tricon Capital Group Stock Today
TCN Stock | USD 11.15 0.02 0.18% |
Performance8 of 100
| Odds Of DistressLess than 43
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Tricon Capital is selling at 11.15 as of the 18th of March 2024; that is 0.18 percent increase since the beginning of the trading day. The stock's open price was 11.13. Tricon Capital has about a 43 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Tricon Capital Group are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 17th of February 2024 and ending today, the 18th of March 2024. Click here to learn more.
Business Domain Real Estate Management & Development | IPO Date 2nd of October 2017 | Category Real Estate |
Founded in 1988, Tricon is a rental housing company focused on serving the middle-market demographic. More information about Tricon is available at www.triconresidential.com. Tricon Residential operates under Real Estate Services classification in the United States and is traded on New York Stock Exchange. The company has 272.64 M outstanding shares of which 2.8 M shares are at this time shorted by investors with about 0.61 days to cover. More on Tricon Capital Group
Moving against Tricon Stock
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Follow Valuation Options Odds of Bankruptcy
Financial Report 14th of May 2024
Tricon Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Tricon Capital's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Tricon Capital or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO | Gary Berman | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Thematic Idea | Real Estate (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Old Names | [Tricorn Group plc, Techniche Ltd, Thompson Creek Metals Company] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Concentration | Real Estate Management & Development, Real Estate, NYSE Composite, SP TSX Composite, Real Estate, Real Estate Management & Development, Real Estate Services, Real Estate (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average Analyst Recommendation Analysts covering Tricon Capital report their recommendations after researching Tricon Capital's financial statements, talking to executives and customers, or listening in on Tricon Capital's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Tricon Capital Group. The Tricon consensus assessment is calculated by taking the average forecast from all of the analysts covering Tricon Capital. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength Based on the analysis of Tricon Capital's profitability, liquidity, and operating efficiency, Tricon Capital Group is not in a good financial situation at this time. It has a very high probability of going through financial hardship in April. Financial strength of Tricon Capital Group is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Tricon Capital's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Tricon Capital's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Tricon Capital's financial leverage. It provides some insight into what part of Tricon Capital's total assets is financed by creditors.
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Tricon Capital Group (TCN) is traded on New York Stock Exchange in USA. It is located in 7 St. Thomas Street, Toronto, ON, Canada, M5S 2B7 and employs 978 people. Tricon Capital is listed under Real Estate Management & Development category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 3.03 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Tricon Capital's market, we take the total number of its shares issued and multiply it by Tricon Capital's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Tricon Capital Group runs under Real Estate Management & Development sector within Real Estate industry. The entity has 272.64 M outstanding shares of which 2.8 M shares are at this time shorted by investors with about 0.61 days to cover.
Tricon Capital Group has about 146.46 M in cash with 140.57 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.54.
Check Tricon Capital Probability Of Bankruptcy
Ownership AllocationTricon Capital maintains a total of 272.64 Million outstanding shares. The majority of Tricon Capital Group outstanding shares are owned by institutional holders. These institutional investors are usually referred to as non-private investors looking to take positions in Tricon Capital to benefit from reduced commissions. Consequently, institutions are subject to a different set of regulations than regular investors in Tricon Capital Group. Please pay attention to any change in the institutional holdings of Tricon Capital Group as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Tricon Ownership Details
Tricon Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Tricon Capital jumping above the current price in 90 days from now is about 19.64%. The Tricon Capital Group probability density function shows the probability of Tricon Capital stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 2.0466. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Tricon Capital will likely underperform. Additionally, the company has an alpha of 0.3131, implying that it can generate a 0.31 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Tricon Capital to move above the current price in 90 days from now is about 19.64 (This Tricon Capital Group probability density function shows the probability of Tricon Stock to fall within a particular range of prices over 90 days) .
Tricon Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Tricon Capital that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Tricon Capital's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Tricon Capital's value.Instituion | Recorded On | Shares | |
Norges Bank | 2023-12-31 | 3 M | |
Millennium Management Llc | 2023-12-31 | 2.9 M | |
Heitman Real Estate Securities Llc | 2023-12-31 | 2.5 M | |
Alberta Investment Management Corp | 2023-12-31 | 2.3 M | |
Point72 Asset Management, L.p. | 2023-09-30 | 1.9 M | |
Manufacturers Life Insurance Co | 2023-12-31 | 1.9 M | |
Cbre Investment Management Listed Real Assets Llc | 2023-12-31 | 1.8 M | |
Jpmorgan Chase & Co | 2023-12-31 | 1.6 M | |
Legal & General Group Plc | 2023-12-31 | 1.3 M | |
T. Rowe Price Investment Management,inc. | 2023-12-31 | 18.5 M | |
Bank Of Montreal | 2023-12-31 | 15.1 M |
Tricon Capital Historical Income Statement
Tricon Capital Group Income Statement is one of the three primary financial statements used for reporting Tricon's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Tricon Capital Group revenue and expense. Tricon Capital Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Tricon Capital's Income Before Tax is very stable compared to the past year. As of the 18th of March 2024, Net Income is likely to grow to about 155.8 M, while Operating Income is likely to drop about 149.3 M. View More FundamentalsTricon Stock Against Markets
Picking the right benchmark for Tricon Capital stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Tricon Capital stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Tricon Capital is critical whether you are bullish or bearish towards Tricon Capital Group at a given time. Please also check how Tricon Capital's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Tricon Capital without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Tricon Capital Corporate Management
Elected by the shareholders, the Tricon Capital's board of directors comprises two types of representatives: Tricon Capital inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tricon. The board's role is to monitor Tricon Capital's management team and ensure that shareholders' interests are well served. Tricon Capital's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Tricon Capital's outside directors are responsible for providing unbiased perspectives on the board's policies.
Camille Douglas | Independent Director | Profile | |
Jonathan Ellenzweig | Chief Investment Officer | Profile | |
Peter Sacks | Lead Independent Director | Profile | |
BComm JD | CoFounder Director | Profile | |
David Mark | Managing Finance | Profile | |
Andrew Carmody | MD Sustainability | Profile |
How to buy Tricon Stock?
Before investing in Tricon Capital, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Tricon Capital. To buy Tricon Capital stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Tricon Capital. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Tricon Capital stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Tricon Capital Group stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Tricon Capital Group stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Tricon Capital Group, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Tricon Stock please use our How to Invest in Tricon Capital guide.
Already Invested in Tricon Capital Group?
The danger of trading Tricon Capital Group is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Tricon Capital is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Tricon Capital. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Tricon Capital Group is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Tricon Capital Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tricon Capital's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tricon Capital Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tricon Capital Group Stock: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tricon Capital Group. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Tricon Capital Group information on this page should be used as a complementary analysis to other Tricon Capital's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for Tricon Stock analysis
When running Tricon Capital's price analysis, check to measure Tricon Capital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tricon Capital is operating at the current time. Most of Tricon Capital's value examination focuses on studying past and present price action to predict the probability of Tricon Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tricon Capital's price. Additionally, you may evaluate how the addition of Tricon Capital to your portfolios can decrease your overall portfolio volatility.
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Is Tricon Capital's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tricon Capital. If investors know Tricon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tricon Capital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.62) | Dividend Share 0.232 | Earnings Share 0.41 | Revenue Per Share 3.233 | Quarterly Revenue Growth 0.135 |
The market value of Tricon Capital Group is measured differently than its book value, which is the value of Tricon that is recorded on the company's balance sheet. Investors also form their own opinion of Tricon Capital's value that differs from its market value or its book value, called intrinsic value, which is Tricon Capital's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tricon Capital's market value can be influenced by many factors that don't directly affect Tricon Capital's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tricon Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tricon Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tricon Capital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.