Raymond James Financial Cuts Timbercreek Financial (TSE:TF) Price Target to C$7.25

Timbercreek Financial (TSE:TFFree Report) had its target price cut by Raymond James Financial from C$7.50 to C$7.25 in a research note released on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Timbercreek Financial Price Performance

TSE TF opened at C$6.05 on Thursday. The firm’s 50 day moving average price is C$6.48 and its 200-day moving average price is C$6.72. The company has a debt-to-equity ratio of 232.22, a quick ratio of 145.00 and a current ratio of 4.01. The company has a market cap of C$500.66 million, a PE ratio of 16.35 and a beta of 0.82. Timbercreek Financial has a 52-week low of C$6.03 and a 52-week high of C$7.98.

Timbercreek Financial (TSE:TFGet Free Report) last posted its earnings results on Wednesday, July 29th. The company reported C$0.18 earnings per share (EPS) for the quarter. The company had revenue of C$34.86 million for the quarter. Timbercreek Financial had a return on equity of 3.85% and a net margin of 17.14%. Sell-side analysts forecast that Timbercreek Financial will post 0.7300725 EPS for the current fiscal year.

Timbercreek Financial Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were given a dividend of $0.0575 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 11.4%. Timbercreek Financial’s dividend payout ratio (DPR) is currently 186.49%.

About Timbercreek Financial

(Get Free Report)

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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