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

Timbercreek Financial Corp. (TSE:TF) announced a monthly dividend on Tuesday, April 23rd, Zacks reports. Stockholders of record on Tuesday, April 30th will be given a dividend of 0.058 per share on Wednesday, May 15th. This represents a $0.70 annualized dividend and a dividend yield of 9.12%. The ex-dividend date of this dividend is Monday, April 29th.

Timbercreek Financial Trading Up 0.8 %

TSE:TF opened at C$7.63 on Friday. Timbercreek Financial has a one year low of C$5.74 and a one year high of C$7.91. The company has a debt-to-equity ratio of 142.94, a quick ratio of 145.00 and a current ratio of 7.72. The firm has a market cap of C$633.37 million, a P/E ratio of 9.78 and a beta of 1.24. The firm has a 50-day simple moving average of C$7.60 and a 200-day simple moving average of C$7.01.

Timbercreek Financial (TSE:TF) last posted its quarterly earnings results on Monday, February 26th. The company reported C$0.18 EPS for the quarter, missing the consensus estimate of C$0.19 by C($0.01). Timbercreek Financial had a net margin of 75.87% and a return on equity of 9.49%. The business had revenue of C$29.72 million during the quarter, compared to the consensus estimate of C$29.49 million. Equities analysts anticipate that Timbercreek Financial will post 0.7256214 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. National Bankshares boosted their price target on shares of Timbercreek Financial from C$7.00 to C$7.50 and gave the company a “sector perform” rating in a report on Wednesday, February 28th. Fundamental Research set a C$9.90 price objective on shares of Timbercreek Financial and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Finally, TD Securities raised shares of Timbercreek Financial from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$7.00 to C$8.50 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.