How to Buy Tricon Residential Stock
Tricon Residential Inc
Tricon Residential is a real estate service company located in Ontario, Canada, which is part of the Real Estate sector, and is traded under the ticker TCN on the NYSE exchange.
Tricon Residential stock last closed at $11.05, up 0% from the previous day, and has increased 38.82% in one year. It has overperformed other stocks in the Real Estate Services industry by 0.37 percentage points. Tricon Residential stock is currently +69.35% from its 52-week low of $6.53, and -1.3% from its 52-week high of $11.20.
There are currently 273.39M TCN shares outstanding. The market value of TCN is $3.02B. In the last 24 hours, 1.4M TCN shares were traded.
How to Buy Tricon Residential Stock
Wondering how to invest in Tricon Residential stock? Here's how.
- Choose where to buy Tricon Residential stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you choose where to buy Tricon Residential stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your investment account: Choose your method of payment and add your information.
- Research Tricon Residential stock: The Tricon Residential ticker symbol is TCN. Is Tricon Residential stock a good investment? Should you buy shares of TCN? How do TCN's underlying business fundamentals look? Do top analysts think Tricon Residential is a good buy? Why has TCN's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if TCN is a good stock to buy).
- Execute your TCN purchase: Decide if you will purchase TCN shares at the current market price or use a limit order to buy TCN shares at a given price.
- Get notifications regarding your investment in TCN: Create a watchlist to important notifications about your position in Tricon Residential stock.
Step 1: Choose where to buy Tricon Residential stock
You need an online brokerage account to access the NYSE market and buy TCN shares.
Our favorite brokerage: eToro
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- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your share purchase by opening an account with eToro today.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected your brokerage, you need to fill out some personal information so you can invest in TCN today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to start a new brokerage account.
- Submit your data by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have finished signing up on investing apps, your next step is to transfer the money for your investment:
Watch the walkthrough below for more details depositing funds into your new brokerage account.
Step 4: Research Tricon Residential stock
After you have identified the best place to buy Tricon Residential stock, it's critical to research their stock prior to buying, so you can wrap your head around the risk and opportunity.
Tricon Residential shares at a glance
TCN Overview
WallStreetZen was created to help average investors perform more accurate fundamental analysis in less time.
You can view all of the due diligence checks on TCN's stock page.
What is the fair value of TCN stock?
Investors use many financial metrics, analyses, models, and charts to gauge TCN's intrinsic value.
Using relative valuations measures:
- TCN could be undervalued based on its P/E ratio of 26.31x, relative to Real Estate Services industry P/E ratio of 40.48x
- TCN may be undervalued based on its P/B ratio of 0.78x, relative to Real Estate Services industry P/B ratio of 2.3x
You can do additional valuation research on TCN's stock here.
A look at TCN Cashflows and Balance Sheet
Failed Health Checks:
- TCN profit margin has gone down from 100.4% to 13.4% in the past year.
- There are more long-term liabilities than short-term assets on the TCN balance sheet.
- TCN has a relatively high debt to equity ratio of 2.43.
- TCN has $220.36M in cash and short term investments. This is not enough to cover its annual cash burn of $442.61M.
- TCN has cash burn of 442611000. It does not have enough cash and short-term investments to cover this.
- There are more short-term liabilities than short-term assets on the TCN balance sheet.
TCN Momentum
Is TCN Making Money?
Last year, TCN earnings were $114.19M. Over the past three year, TCN's earnings have gone up by -65.1% per year. This was slower than the Real Estate Services industry average of -1.46%.
Last year, TCN revenue was $849.78M. During the last 3 year, TCN's revenue has increased by 103.81% per year. This was faster than the Real Estate Services industry average of 16.36%.
You can research TCN's earnings and revenue performance here.
Are TCN executives and large shareholders buying or selling the stock?
In the past 12 months, insiders at TCN have not bought or sold any shares.
Dig into more about who owns TCN shares here.
Can I rely on TCN as an income stream?
No, Tricon Residential doesn't provide an income stream by paying out dividends.
Get opinions from other investors
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
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Step 5: Execute your TCN purchase
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly the best for newer investors. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at an exact dollar amount, use a limit order.
Click the Open Trade button and eToro will place the order.
If you want additional help investing in stocks on eToro, watch the helpful video below:
Step 6: Get notifications regarding your investment in TCN
Now that you own some TCN stock, you'll want to stay up-to-date on your new shares.
Make a watchlist to get alerted to the latest events about your TCN stock.
TCN Feed
How to Buy Stock in Tricon Residential
To summarize, here are the 6 steps to buy Tricon Residential stock:
- Choose where to buy Tricon Residential stock
- Sign up for a brokerage account
- Fund your investment account
- Research Tricon Residential stock
- Execute your TCN purchase
- Get notifications regarding your investment in TCN
If you need a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you want to get notifications regarding your new investment in Tricon Residential, create your watchlist below.
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