Timbercreek Financial Corp. (TSE:TF – Get Free Report) declared a monthly dividend on Friday, October 30th. Stockholders of record on Friday, November 13th will be given a dividend of $0.0575 per share on Friday, November 13th. This represents a $0.69 annualized dividend and a dividend yield of 13.4%. The ex-dividend date is Friday, October 30th.
Timbercreek Financial Trading Up 1.6%
TF opened at C$5.16 on Wednesday. The company has a debt-to-equity ratio of 232.22, a quick ratio of 145.00 and a current ratio of 1.84. Timbercreek Financial has a one year low of C$5.03 and a one year high of C$7.36. The company has a market cap of C$427.01 million, a P/E ratio of 16.65 and a beta of 0.84. The business’s 50-day simple moving average is C$5.50 and its 200-day simple moving average is C$6.39.
Timbercreek Financial (TSE:TF – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported C$0.18 earnings per share for the quarter. The company had revenue of C$45.12 million for the quarter. Timbercreek Financial had a net margin of 17.14% and a return on equity of 3.85%. As a group, equities research analysts expect that Timbercreek Financial will post 0.73 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on TF shares. National Bank Financial cut their price target on shares of Timbercreek Financial from C$7.00 to C$6.50 and set a “sector perform” rating on the stock in a research note on Thursday, July 30th. TD decreased their price objective on shares of Timbercreek Financial from C$6.50 to C$5.50 and set a “hold” rating for the company in a research note on Wednesday, October 14th. Canaccord Genuity Group dropped their price objective on Timbercreek Financial from C$6.75 to C$6.25 and set a “hold” rating on the stock in a report on Thursday, July 30th. Finally, Raymond James Financial dropped their price objective 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. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Timbercreek Financial has a consensus rating of “Hold” and an average target price of C$6.38.
Get Our Latest Research Report on Timbercreek Financial
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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