CIBC Raises Tricon Capital Group Inc (TCN) Price Target to C$13.25

Tricon Capital Group Inc (TSE:TCN) had its price objective raised by CIBC from C$13.00 to C$13.25 in a research note released on Monday morning.

Other equities research analysts have also issued research reports about the stock. Raymond James Financial, Inc. cut their price target on shares of Tricon Capital Group from C$14.00 to C$13.75 and set a strong-buy rating on the stock in a report on Friday, November 10th. Royal Bank Of Canada raised their price target 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. Finally, TD Securities dropped their target price on shares of Tricon Capital Group from C$13.50 to C$13.00 and set a buy rating for the company in a research report on Friday, August 11th.

Shares of Tricon Capital Group (TSE:TCN) opened at C$11.37 on Monday. Tricon Capital Group has a twelve month low of C$8.75 and a twelve month high of C$12.05.

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The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Sunday, December 31st will be given a dividend of $0.065 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.26 dividend on an annualized basis and a yield of 2.29%. Tricon Capital Group’s dividend payout ratio (DPR) is currently 62.25%.

About Tricon Capital Group

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).

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