Timbercreek Financial Corp. to Issue Monthly Dividend of $0.06 (TSE:TF)

Timbercreek Financial Corp. (TSE:TF) declared a monthly dividend on Tuesday, April 23rd, Zacks reports. Stockholders of record on Tuesday, April 30th will be paid a dividend of 0.058 per share on Wednesday, May 15th. This represents a $0.70 annualized dividend and a dividend yield of 9.12%. The ex-dividend date of this dividend is Monday, April 29th.

Timbercreek Financial Stock Performance

Shares of TSE TF opened at C$7.63 on Friday. The company has a current ratio of 7.72, a quick ratio of 145.00 and a debt-to-equity ratio of 142.94. Timbercreek Financial has a 12 month low of C$5.74 and a 12 month high of C$7.91. The stock has a 50 day moving average of C$7.60 and a 200-day moving average of C$7.01. The company has a market capitalization of C$633.37 million, a P/E ratio of 9.78 and a beta of 1.24.

Timbercreek Financial (TSE:TF) last issued its earnings results on Monday, February 26th. The company reported C$0.18 EPS for the quarter, missing the consensus estimate of C$0.19 by C($0.01). Timbercreek Financial had a return on equity of 9.49% and a net margin of 75.87%. The business had revenue of C$29.72 million for the quarter, compared to the consensus estimate of C$29.49 million. As a group, equities research analysts predict that Timbercreek Financial will post 0.7256214 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TF. TD Securities raised Timbercreek Financial from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$7.00 to C$8.50 in a report on Wednesday, February 28th. Fundamental Research set a C$9.90 price target on Timbercreek Financial and gave the stock a “buy” rating in a report on Wednesday, March 13th. Finally, National Bankshares lifted their price target on Timbercreek Financial from C$7.00 to C$7.50 and gave the stock a “sector perform” rating in a report on Wednesday, February 28th.

About Timbercreek Financial

Timbercreek Financial Corp. provides shorter-duration structured financing solutions to commercial real estate investors in Canada. It focuses on lending against income-producing real estate properties, such as multi-residential, office, and retail buildings in urban markets. The company was founded in 2016 and is headquartered in Toronto, Canada.