Timbercreek Financial Corp. (TSE:TF – Get Free Report) shares reached a new 52-week low during trading on Wednesday . The company traded as low as C$6.03 and last traded at C$6.20, with a volume of 361882 shares trading hands. The stock had previously closed at C$6.05.
Analysts Set New Price Targets
A number of analysts have weighed in on TF shares. National Bank Financial reduced their price objective on shares of Timbercreek Financial from C$7.00 to C$6.50 and set a “sector perform” rating for the company in a research note on Thursday, July 30th. Raymond James Financial decreased their target price on shares of Timbercreek Financial from C$7.50 to C$7.25 and set an “outperform” rating for the company in a research note on Thursday, July 30th. TD lowered their price objective on shares of Timbercreek Financial from C$7.00 to C$6.50 and set a “hold” rating on the stock in a research note on Friday, July 31st. Finally, 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. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Timbercreek Financial presently has an average rating of “Hold” and a consensus price target of C$6.62.
View Our Latest Analysis on Timbercreek Financial
Timbercreek Financial Price Performance
Timbercreek Financial (TSE:TF – Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported C$0.18 earnings per share for the quarter. Timbercreek Financial had a net margin of 17.14% and a return on equity of 3.85%. The firm had revenue of C$34.86 million for the quarter. Analysts anticipate that Timbercreek Financial Corp. will post 0.7300725 earnings per share for the current year.
Timbercreek Financial Announces Dividend
The business also recently disclosed a monthly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were paid a $0.0575 dividend. This represents a c) annualized dividend and a dividend yield of 11.2%. The ex-dividend date of this dividend was Friday, May 29th. Timbercreek Financial’s dividend payout ratio (DPR) is presently 222.58%.
About Timbercreek Financial
Timbercreek Financial Corp is a Canada-based non-banking commercial real estate lender. The company provides shorter-duration, customized financing solutions to professional real estate investors. It invests directly in a diversified portfolio of structured mortgage loans primarily secured by stabilized, income-producing commercial real estates, such as multi-residential, office and retail buildings located in urban markets across Canada. The company’s strategy is to preserve investor capital by lending mainly against income producing real estate, mitigate concentration risk by diversifying geographically by asset type and borrower and ensure loan to value ratios.
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