Timbercreek Financial Corp. (TF) To Go Ex-Dividend on September 27th

Timbercreek Financial Corp. (TSE:TF) announced a monthly dividend on Friday, September 20th, Zacks reports. Shareholders of record on Friday, September 27th will be given 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 of this dividend is Friday, September 27th.

Timbercreek Financial Price Performance

TF traded down C$0.03 during midday trading on Wednesday, hitting C$8.16. The company had a trading volume of 6,916 shares, compared to its average volume of 126,388. The company has a debt-to-equity ratio of 132.31, a quick ratio of 145.00 and a current ratio of 7.36. The company has a market capitalization of C$677.36 million, a PE ratio of 11.22 and a beta of 1.23. Timbercreek Financial has a twelve month low of C$5.74 and a twelve month high of C$8.24. The firm’s 50-day simple moving average is C$7.80 and its 200-day simple moving average is C$7.54.

Timbercreek Financial (TSE:TF) last announced its quarterly earnings results on Wednesday, July 31st. The company reported C$0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.18 by C$0.01. The company had revenue of C$26.68 million during the quarter, compared to analyst estimates of C$27.90 million. Timbercreek Financial had a net margin of 70.41% and a return on equity of 8.73%. Equities research analysts predict that Timbercreek Financial will post 0.7300178 EPS for the current fiscal year.

Analysts Set New Price Targets

TF has been the subject of a number of research reports. TD Securities increased their target price on Timbercreek Financial from C$7.50 to C$8.00 in a report on Friday, August 2nd. National Bankshares raised their price objective on shares of Timbercreek Financial from C$7.50 to C$8.00 in a research report on Thursday, August 1st.

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.