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

Timbercreek Financial Corp. (TSE:TF) declared a monthly dividend on Tuesday, April 23rd, Zacks reports. Investors of record on Tuesday, April 30th will be paid a dividend of 0.058 per share on Wednesday, May 15th. This represents a $0.70 dividend on an annualized basis and a yield of 9.18%. The ex-dividend date of this dividend is Monday, April 29th.

Timbercreek Financial Stock Performance

Shares of TF opened at C$7.58 on Thursday. The firm has a 50-day moving average price of C$7.58 and a 200 day moving average price of C$7.00. The firm has a market capitalization of C$629.22 million, a PE ratio of 9.72 and a beta of 1.24. The company has a quick ratio of 145.00, a current ratio of 7.72 and a debt-to-equity ratio of 142.94. Timbercreek Financial has a 52-week low of C$5.74 and a 52-week high of C$8.07.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TF shares. National Bankshares upped 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. TD Securities raised shares of Timbercreek Financial from a “hold” rating to a “buy” rating and upped their price target for the company from C$7.00 to C$8.50 in a report on Wednesday, February 28th. Finally, Fundamental Research set a C$9.90 price target on shares of Timbercreek Financial and gave the company a “buy” rating in a report on Wednesday, March 13th.

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.