Timbercreek Financial Corp. (TF) To Go Ex-Dividend on June 28th

Timbercreek Financial Corp. (TSE:TF) announced a monthly dividend on Thursday, June 20th, Zacks reports. Shareholders of record on Friday, June 28th will be paid a dividend of 0.058 per share on Monday, July 15th. This represents a $0.70 annualized dividend and a dividend yield of 9.63%. The ex-dividend date of this dividend is Friday, June 28th.

Timbercreek Financial Trading Up 0.8 %

Shares of TF traded up C$0.06 during trading hours on Wednesday, reaching C$7.23. The stock had a trading volume of 80,588 shares, compared to its average volume of 117,587. 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 firm has a 50-day moving average of C$7.27 and a 200 day moving average of C$7.25. The company has a market cap of C$600.16 million, a P/E ratio of 9.74 and a beta of 1.24.

Timbercreek Financial (TSE:TF) last released its quarterly earnings data on Monday, May 6th. The company reported C$0.17 EPS 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 firm had revenue of C$24.93 million during the quarter, compared to the consensus estimate of C$26.23 million. On average, sell-side analysts expect that Timbercreek Financial will post 0.7258727 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Raymond James set a C$8.40 target price on Timbercreek Financial and gave the stock an “outperform” rating in a report on Monday, May 6th. Fundamental Research set a C$9.90 target price on shares of Timbercreek Financial and gave the company a “buy” rating in a research note on Wednesday, March 13th. TD Securities cut their target price on shares of Timbercreek Financial from C$8.00 to C$7.50 and set a “hold” rating for the company in a research note on Thursday, May 30th. Finally, National Bankshares raised their price objective on shares of Timbercreek Financial from C$7.00 to C$7.50 and gave the stock a “sector perform” rating in a research report on Wednesday, February 28th.

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.