
Tricon Residential (TCN) Stock Forecast & Price Target
Tricon Residential (TCN) Analyst Ratings
Bulls say
Tricon Residential is set to be acquired by Blackstone Real Estate Partners and BREIT for $3.5bn, a 30% premium to the current stock price. This acquisition presents an opportunity for shareholders to realize full value in a shorter time frame, while also providing Tricon with the resources and support from Blackstone to complete its development pipeline and invest in capex for its SFR portfolio. With the backing of Blackstone's scale and resources, Tricon is well-positioned for further growth in the single- and multi-family rental market, reducing leverage and driving shareholder value.
Bears say
Tricon Residential is a rental housing company that is facing potential risks in terms of ESG performance and reputation management. Despite its investment in energy-efficient properties and efforts for stakeholder engagement, there are concerns about interest rate and market risks, liquidity, and regulatory issues that could negatively impact the company's performance. Additionally, the current transaction with Blackstone and its affiliates may also pose potential risks in terms of shareholder approval and overall value for Tricon's shares.
This aggregate rating is based on analysts' research of Tricon Residential and is not a guaranteed prediction by Public.com or investment advice.
Tricon Residential (TCN) Analyst Forecast & Price Prediction
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