TD Securities Increases Timbercreek Financial (TSE:TF) Price Target to C$8.00

Posted by Tyrone Williams on Aug 5th, 2024

Timbercreek Financial (TSE:TF – Free Report) had its target price boosted by TD Securities from C$7.50 to C$8.00 in a research report report published on Friday morning, BayStreet.CA reports.

Other research analysts have also recently issued reports about the stock. National Bankshares increased their price target on shares of Timbercreek Financial from C$7.50 to C$8.00 in a report on Thursday, August 1st. Raymond James set a C$8.40 target price on shares of Timbercreek Financial and gave the stock an outperform rating in a research report on Monday, May 6th.

Check Out Our Latest Report on TF

Timbercreek Financial Stock Down 1.4 %

Shares of TSE TF opened at C$7.56 on Friday. The firm has a market cap of C$627.56 million, a price-to-earnings ratio of 10.22 and a beta of 1.24. 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 52-week low of C$5.74 and a 52-week high of C$7.85. The business’s 50 day moving average is C$7.32 and its two-hundred day moving average is C$7.39.

Timbercreek Financial (TSE:TF – Get Free Report) last announced its quarterly earnings results on Monday, May 6th. The company reported C$0.17 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of C$26.23 million. Research analysts predict that Timbercreek Financial will post 0.7258727 EPS for the current year.

Timbercreek Financial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be paid a dividend of $0.058 per share. This represents a $0.70 dividend on an annualized basis and a yield of 9.21%. The ex-dividend date is Wednesday, July 31st. Timbercreek Financial’s dividend payout ratio is currently 93.24%.

About Timbercreek Financial

(Get Free Report)

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.