Timbercreek Financial Corp. (TSE:TF – Get Free Report) hit a new 52-week high on Thursday . The company traded as high as C$8.24 and last traded at C$8.24, with a volume of 28639 shares traded. The stock had previously closed at C$8.14.
Analysts Set New Price Targets
TF has been the subject of a number of recent analyst reports. National Bankshares upped their price objective on shares of Timbercreek Financial from C$7.50 to C$8.00 in a research report on Thursday, August 1st. TD Securities increased their price target on Timbercreek Financial from C$7.50 to C$8.00 in a report on Friday, August 2nd.
View Our Latest Analysis on TF
Timbercreek Financial Price Performance
Timbercreek Financial (TSE:TF – Get Free Report) last announced its earnings results on Wednesday, July 31st. The company reported C$0.19 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.18 by C$0.01. Timbercreek Financial had a net margin of 70.41% and a return on equity of 8.73%. The firm had revenue of C$26.68 million during the quarter, compared to analyst estimates of C$27.90 million. As a group, sell-side analysts predict that Timbercreek Financial Corp. will post 0.7399103 earnings per share for the current fiscal year.
Timbercreek Financial Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be given a $0.058 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 8.55%. The ex-dividend date is Friday, September 27th. Timbercreek Financial’s dividend payout ratio is presently 94.52%.
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.
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