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 annualized dividend and a dividend yield of 9.12%. The ex-dividend date is Monday, April 29th.

Timbercreek Financial Price Performance

Shares of TSE TF opened at C$7.63 on Friday. Timbercreek Financial has a 1 year low of C$5.74 and a 1 year high of C$7.91. The company has a debt-to-equity ratio of 142.94, a current ratio of 7.72 and a quick ratio of 145.00. The company’s 50-day moving average is C$7.60 and its 200 day moving average is C$7.01. The stock has a market capitalization of C$633.37 million, a P/E ratio of 9.78 and a beta of 1.24.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. TD Securities upgraded shares of Timbercreek Financial from a “hold” rating to a “buy” rating and increased their price target for the company from C$7.00 to C$8.50 in a report on Wednesday, February 28th. National Bankshares increased 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. 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.

Timbercreek Financial Company Profile

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.