Timbercreek Financial (TSE:TF) Releases Quarterly Earnings Results

Timbercreek Financial (TSE:TF) issued its quarterly earnings results on Tuesday. The company reported C$0.17 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$44.06 million during the quarter. Timbercreek Financial had a net margin of 23.39% and a return on equity of 5.09%.

Timbercreek Financial Stock Performance

Shares of TSE TF traded up C$0.04 during trading on Tuesday, reaching C$6.65. 227,191 shares of the company traded hands, compared to its average volume of 228,206. The firm has a 50 day simple moving average of C$6.79 and a 200-day simple moving average of C$6.89. The company has a quick ratio of 145.00, a current ratio of 0.25 and a debt-to-equity ratio of 197.35. The stock has a market capitalization of C$550.31 million, a PE ratio of 15.83 and a beta of 0.77. Timbercreek Financial has a 52-week low of C$6.31 and a 52-week high of C$7.98.

Timbercreek Financial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.0575 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date of this dividend is Thursday, April 30th. Timbercreek Financial’s dividend payout ratio (DPR) is presently 164.29%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Canaccord Genuity Group lowered shares of Timbercreek Financial from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$7.75 to C$7.30 in a research note on Friday, February 27th. National Bank Financial decreased their price target on shares of Timbercreek Financial from C$8.25 to C$8.00 and set a “sector perform” rating for the company in a research note on Thursday, February 26th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$7.77.

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.