Timbercreek Financial Corp (TSE:TF) declared a monthly dividend on Thursday, June 27th, TickerTech reports. Stockholders of record on Monday, July 15th will be paid a dividend of 0.0575 per share on Monday, July 15th. This represents a $0.69 annualized dividend and a dividend yield of 7.32%. The ex-dividend date is Thursday, June 27th.
Shares of TF stock traded down C$0.06 during trading hours on Wednesday, hitting C$9.42. The company had a trading volume of 71,344 shares, compared to its average volume of 77,965. The business’s fifty day moving average is C$9.38. The company has a quick ratio of 128.85, a current ratio of 133.16 and a debt-to-equity ratio of 159.27. Timbercreek Financial has a fifty-two week low of C$8.50 and a fifty-two week high of C$9.54. The firm has a market capitalization of $778.53 million and a PE ratio of 13.93.
Timbercreek Financial (TSE:TF) last issued its quarterly earnings data on Wednesday, May 8th. The company reported C$0.16 EPS for the quarter, missing the consensus estimate of C$0.18 by C($0.02). The firm had revenue of C$24.51 million for the quarter, compared to analysts’ expectations of C$27.03 million. Equities research analysts expect that Timbercreek Financial will post 0.7500001 earnings per share for the current year.
A number of equities research analysts have issued reports on TF shares. TD Securities reduced their target price on shares of Timbercreek Financial from C$9.50 to C$9.00 and set a “hold” rating on the stock in a report on Thursday, March 7th. Raymond James reiterated a “market perform” rating on shares of Timbercreek Financial in a report on Thursday, March 7th. National Bank Financial reiterated an “outperform market weight” rating on shares of Timbercreek Financial in a report on Wednesday, March 6th. Fundamental Research reduced their target price on shares of Timbercreek Financial from C$10.34 to C$10.20 and set a “top pick” rating on the stock in a report on Friday, March 8th. Finally, Echelon Wealth Partners reiterated a “buy” rating on shares of Timbercreek Financial in a report on Tuesday, April 30th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of C$9.81.
About Timbercreek Financial
Timbercreek Financial Corporation, a mortgage investment company, provides shorter-duration structured financing solutions to commercial real estate investors in Canada. It focuses on lending against income-producing commercial real estate properties, such as multi-residential, office, and retail buildings located in urban markets.
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