Timbercreek Financial (TSE:TF) Hits New 52-Week High at $7.89

Timbercreek Financial Corp. (TSE:TF)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as C$7.89 and last traded at C$7.89, with a volume of 79038 shares traded. The stock had previously closed at C$7.79.

Wall Street Analyst Weigh In

Several analysts have issued reports on TF shares. National Bankshares upped their price objective on Timbercreek Financial from C$7.50 to C$8.00 in a research note on Thursday, August 1st. Raymond James set a C$8.40 price objective on Timbercreek Financial and gave the stock an “outperform” rating in a research note on Monday, May 6th. Finally, TD Securities boosted their target price on shares of Timbercreek Financial from C$7.50 to C$8.00 in a research note on Friday, August 2nd.

Timbercreek Financial Price Performance

The company has a debt-to-equity ratio of 132.31, a current ratio of 7.36 and a quick ratio of 145.00. The stock has a market capitalization of C$649.14 million, a price-to-earnings ratio of 10.67 and a beta of 1.23. The company has a 50-day simple moving average of C$7.42 and a two-hundred day simple moving average of C$7.42.

Timbercreek Financial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be issued a $0.058 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 8.90%. Timbercreek Financial’s dividend payout ratio (DPR) is presently 94.52%.

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.