Timbercreek Financial (TSE:TF) Price Target Raised to C$8.50

Timbercreek Financial (TSE:TF) had its price objective raised by National Bankshares from C$8.00 to C$8.50 in a research note released on Wednesday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Separately, TD Securities lifted their price objective on shares of Timbercreek Financial from C$7.50 to C$8.00 in a research report on Friday, August 2nd.

Timbercreek Financial Stock Down 0.7 %

Shares of TF stock opened at C$7.53 on Wednesday. The company has a market capitalization of C$625.07 million, a price-to-earnings ratio of 10.32 and a beta of 1.23. The company has a debt-to-equity ratio of 132.31, a current ratio of 7.36 and a quick ratio of 145.00. The company’s fifty day moving average price is C$8.02 and its 200-day moving average price is C$7.62. Timbercreek Financial has a one year low of C$5.96 and a one year high of C$8.29.

Timbercreek Financial (TSE:TF) last announced its quarterly earnings data on Wednesday, October 30th. The company reported C$0.17 EPS for the quarter, meeting the consensus estimate of C$0.17. Timbercreek Financial had a return on equity of 8.73% and a net margin of 70.41%. The business had revenue of C$25.41 million for the quarter, compared to the consensus estimate of C$28.54 million. Sell-side analysts expect that Timbercreek Financial will post 0.7300725 EPS for the current fiscal year.

Timbercreek Financial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a $0.058 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 9.24%. The ex-dividend date of this dividend is Thursday, October 31st. Timbercreek Financial’s payout ratio is 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.