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

Timbercreek Financial Corp. (TSE:TF) declared a monthly dividend on Friday, September 20th, Zacks reports. Shareholders of record on Friday, September 27th will be paid a dividend of 0.058 per share on Tuesday, October 15th. This represents a $0.70 annualized dividend and a yield of 8.53%. The ex-dividend date is Friday, September 27th.

Timbercreek Financial Trading Down 0.4 %

TF traded down C$0.03 during trading on Wednesday, hitting C$8.16. The company’s stock had a trading volume of 6,916 shares, compared to its average volume of 126,388. Timbercreek Financial has a twelve month low of C$5.74 and a twelve month high of C$8.24. The company has a quick ratio of 145.00, a current ratio of 7.36 and a debt-to-equity ratio of 132.31. The stock’s fifty day moving average price is C$7.80 and its 200-day moving average price is C$7.54. The firm has a market capitalization of C$677.36 million, a P/E ratio of 11.22 and a beta of 1.23.

Timbercreek Financial (TSE:TF) last released its quarterly earnings data on Wednesday, July 31st. The company reported C$0.19 EPS for the quarter, beating the consensus estimate of C$0.18 by C$0.01. Timbercreek Financial had a return on equity of 8.73% and a net margin of 70.41%. The firm had revenue of C$26.68 million during the quarter, compared to the consensus estimate of C$27.90 million. Analysts anticipate that Timbercreek Financial will post 0.7300178 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. TD Securities upped their price objective on Timbercreek Financial from C$7.50 to C$8.00 in a research note on Friday, August 2nd. National Bankshares increased their price objective on Timbercreek Financial from C$7.50 to C$8.00 in a report on Thursday, August 1st.

Timbercreek Financial Company Profile

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.