Timbercreek Financial (TSE:TF) Shares Down 1.9% – Here’s What Happened

Shares of Timbercreek Financial Corp. (TSE:TF) were down 1.9% during trading on Tuesday . The company traded as low as C$7.14 and last traded at C$7.15. Approximately 199,634 shares were traded during mid-day trading, an increase of 19% from the average daily volume of 168,006 shares. The stock had previously closed at C$7.29.

Analysts Set New Price Targets

Separately, National Bankshares raised their price objective on shares of Timbercreek Financial from C$8.00 to C$8.50 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th.

Timbercreek Financial Stock Performance

The company has a fifty day moving average price of C$7.45 and a two-hundred day moving average price of C$7.67. The company has a market capitalization of C$593.52 million, a P/E ratio of 9.79 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.

Timbercreek Financial (TSE:TF) last posted its quarterly earnings data on Wednesday, October 30th. The company reported C$0.17 EPS for the quarter, hitting analysts’ consensus estimates of C$0.17. The company had revenue of C$25.41 million for the quarter, compared to analyst estimates of C$28.54 million. Timbercreek Financial had a return on equity of 8.73% and a net margin of 70.41%. Equities analysts forecast that Timbercreek Financial Corp. will post 0.7300725 earnings per share for the current fiscal year.

Timbercreek Financial Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a $0.058 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.70 dividend on an annualized basis and a yield of 9.73%. Timbercreek Financial’s payout ratio is currently 94.52%.

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.