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CIBC began coverage on shares of Tricon Capital Group (TSE:TCN) in a research note issued on Friday. The firm set an “outperform” rating on the stock.

Several other analysts have also recently commented on the stock. Analysts at Paradigm Capital raised their price target on shares of Tricon Capital Group from C$10.50 to C$11.50 in a research note on Wednesday, May 14th. They now have a “buy” rating on the stock. Analysts at Canaccord Genuity raised their price target on shares of Tricon Capital Group from C$9.00 to C$9.50 in a research note on Wednesday, May 14th. They now have a “buy” rating on the stock. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of C$10.10.

Shares of Tricon Capital Group (TSE:TCN) opened at 7.75 on Friday. Tricon Capital Group has a one year low of $5.65 and a one year high of $8.54. The stock has a 50-day moving average of $7.71 and a 200-day moving average of $7.76. The company has a market cap of $701.5 million and a P/E ratio of 10.75.

The company also recently declared a dividend, which is scheduled for Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.0551 per share. The ex-dividend date of this dividend is Thursday, June 26th.

Tricon Capital Group Inc (TSE:TCN) is a North American real estate asset manager and principal investor with a primary focus on the residential sector.

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