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

Timbercreek Financial Corp. (TSE:TF) declared a monthly dividend on Tuesday, July 23rd, Zacks reports. Stockholders of record on Wednesday, July 31st will be paid a dividend of 0.058 per share on Thursday, August 15th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 9.23%. The ex-dividend date is Wednesday, July 31st.

Timbercreek Financial Trading Down 1.3 %

Shares of Timbercreek Financial stock opened at C$7.54 on Thursday. The company has a market cap of C$625.90 million, a price-to-earnings ratio of 10.19 and a beta of 1.24. Timbercreek Financial has a 1 year low of C$5.74 and a 1 year high of C$7.85. The company’s fifty day simple moving average is C$7.24 and its 200-day simple moving average is C$7.35. The company has a current ratio of 110.86, a quick ratio of 145.00 and a debt-to-equity ratio of 134.84.

Timbercreek Financial (TSE:TF) last posted its quarterly 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). The company had revenue of C$24.93 million during the quarter, compared to analyst estimates of C$26.23 million. Timbercreek Financial had a return on equity of 8.97% and a net margin of 72.79%. As a group, sell-side analysts expect that Timbercreek Financial will post 0.7258727 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TF. TD Securities reduced their price objective on Timbercreek Financial from C$8.00 to C$7.50 and set a “hold” rating for the company in a research report on Thursday, May 30th. Raymond James set a C$8.40 target price on Timbercreek Financial and gave the stock an “outperform” rating in a research report on Monday, May 6th.

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.