Page 2 - Gary Berman News Today

BMO Capital Markets cut shares of Tricon Residential (TSE:TCN – Free Report) from an outperform rating to a market perform rating in a report published on Monday, BayStreet.CA reports. The brokerage currently has C$15.15 price objective on the stock, up from their previous price objective of C$12.50. Other research analysts have also recently issued research […]

Tricon’s CEO announced plans to sell the business to to private equity fund Blackstone for $3.5-billion

Tricon Residential (TSE:TCN – Get Free Report) was downgraded by investment analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research report issued on Monday, BayStreet.CA reports. They presently have a C$15.15 price target on the stock, up from their prior price target of C$12.50. BMO Capital Markets’ […]

Blackstone is adding to its bet on rental housing with a $3.5 billion deal for Torontos Tricon Residential. Find out more

Blackstone Remains Committed to Tricon’s Extensive Housing Development Platform, Including its Pipeline of $1 Billion of New Single-Family Homes in the U.S. and $2.5 Billion of New Apartments in...

Tricon is a landlord and developer of single-family rental homes in the United States and Canada with a portfolio of over 38,000 rentals

Blackstone Inc. is betting some of the money from a record-breaking fund on rental housing, a corner of the real estate market it knows well.

A Toronto-based rental property giant whose CEO once made headlines for his opinions on his young customer base has just been bought out for a cool...

Blackstone will acquire single-family home and apartment rental operator Tricon Residential for $3.5 billion.

Key Insights Given the large stake in the stock by institutions, Tricon Residential's stock price might be vulnerable...