Timbercreek Financial Corp. (TF) to Issue Monthly Dividend of $0.06 on May 15th

Timbercreek Financial Corp. (TSE:TF) declared a monthly dividend on Tuesday, April 23rd, Zacks reports. Investors of record on Tuesday, April 30th will be given a dividend of 0.058 per share on Wednesday, May 15th. This represents a $0.70 dividend on an annualized basis and a yield of 9.22%. The ex-dividend date is Monday, April 29th.

Timbercreek Financial Price Performance

TF traded down C$0.03 during trading on Thursday, reaching C$7.55. The stock had a trading volume of 38,570 shares, compared to its average volume of 110,952. The stock has a market cap of C$626.73 million, a PE ratio of 9.72 and a beta of 1.24. The company has a debt-to-equity ratio of 142.94, a quick ratio of 145.00 and a current ratio of 7.72. Timbercreek Financial has a one year low of C$5.74 and a one year high of C$8.07. The business has a 50-day moving average of C$7.58 and a 200-day moving average of C$7.00.

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

Wall Street Analyst Weigh In

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

Timbercreek Financial Company Profile

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.