Shares of Timbercreek Financial Corp. (TSE:TF – Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$6.00 and last traded at C$6.01, with a volume of 403482 shares traded. The stock had previously closed at C$6.10.
Wall Street Analyst Weigh In
TF has been the subject of a number of research analyst reports. National Bank Financial decreased their target price on Timbercreek Financial from C$7.00 to C$6.50 and set a “sector perform” rating for the company in a research report on Thursday, July 30th. Raymond James Financial cut their price target on Timbercreek Financial from C$7.50 to C$7.25 and set an “outperform” rating on the stock in a report on Thursday, July 30th. Canaccord Genuity Group reduced their price objective on Timbercreek Financial from C$6.75 to C$6.25 and set a “hold” rating for the company in a research note on Thursday, July 30th. Finally, TD reduced their price objective on Timbercreek Financial from C$7.00 to C$6.50 and set a “hold” rating for the company in a research note on Friday, July 31st. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Timbercreek Financial presently has a consensus rating of “Hold” and an average price target of C$6.62.
Get Our Latest Stock Analysis on TF
Timbercreek Financial Price Performance
Timbercreek Financial (TSE:TF – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported C$0.18 earnings per share (EPS) for the quarter. The business had revenue of C$45.12 million during the quarter. Timbercreek Financial had a return on equity of 3.85% and a net margin of 17.14%. On average, research analysts forecast that Timbercreek Financial Corp. will post 0.7300725 EPS for the current year.
Timbercreek Financial Announces Dividend
The business also recently announced a monthly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were issued a $0.0575 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date was Friday, May 29th. Timbercreek Financial’s dividend payout ratio (DPR) is currently 222.58%.
Timbercreek Financial Company Profile
Timbercreek Financial is a leading non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate professionals. Our sophisticated, service-oriented approach allows us to meet the needs of borrowers, including faster execution and more flexible terms that are not typically provided by Canadian financial institutions. By employing thorough underwriting, active management and strong governance, we are able to meet these needs while generating strong risk-adjusted yields for investors.
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