Timbercreek Financial Corp. Declares Monthly Dividend of $0.06 (TSE:TF)

Timbercreek Financial Corp. (TSE:TF) announced a monthly dividend on Thursday, May 23rd, Zacks reports. Investors of record on Friday, May 31st will be paid a dividend of 0.058 per share on Friday, June 14th. This represents a $0.70 annualized dividend and a yield of 9.99%. The ex-dividend date is Friday, May 31st.

Timbercreek Financial Stock Down 0.4 %

TSE TF traded down C$0.03 on Thursday, hitting C$6.97. 12,376 shares of the stock were exchanged, compared to its average volume of 117,937. The company has a quick ratio of 145.00, a current ratio of 110.86 and a debt-to-equity ratio of 134.84. Timbercreek Financial has a fifty-two week low of C$5.74 and a fifty-two week high of C$7.85. The company has a market cap of C$578.58 million, a PE ratio of 9.46 and a beta of 1.24. The company has a 50-day moving average price of C$7.46 and a 200-day moving average price of C$7.17.

Timbercreek Financial (TSE:TF) last issued its earnings results on Monday, May 6th. The company reported C$0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.19 by C($0.02). Timbercreek Financial had a net margin of 72.79% and a return on equity of 8.97%. The company had revenue of C$24.93 million during the quarter, compared to analyst estimates of C$26.23 million. Sell-side analysts anticipate that Timbercreek Financial will post 0.7258727 EPS for the current fiscal year.

Analyst Ratings Changes

TF has been the subject of a number of analyst reports. TD Securities downgraded shares of Timbercreek Financial from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$8.50 to C$8.00 in a research report on Wednesday, May 8th. Fundamental Research set a C$9.90 price objective on shares of Timbercreek Financial and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Raymond James set a C$8.40 price target on shares of Timbercreek Financial and gave the company an “outperform” rating in a report on Monday, May 6th. Finally, National Bankshares increased their price target 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.

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.