Timbercreek Financial (TSE:TF) Shares Down 0.6% - Here's Why

Key Points

• Timbercreek Financial Corp. shares fell 0.6% to C$7.65, with trading volume down 39% compared to the average.
• Analyst ratings show a consensus of "Hold" with a price target of C$8.08, reflecting a mixed outlook for the stock.
• The company announced a monthly dividend of $0.0575, translating to an annualized yield of 9.0% and a payout ratio of 96.90%.

Shares of Timbercreek Financial Corp. (TSE:TF - Get Free Report) were down 0.6% during mid-day trading on Monday . The company traded as low as C$7.65 and last traded at C$7.65. Approximately 118,118 shares were traded during trading, a decline of 39% from the average daily volume of 192,375 shares. The stock had previously closed at C$7.70.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TF. National Bankshares upped their price target on Timbercreek Financial from C$8.00 to C$8.25 and gave the stock a "sector perform" rating in a report on Tuesday, July 29th. TD Securities upped their target price on Timbercreek Financial from C$7.50 to C$8.00 and gave the company a "hold" rating in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of C$8.08.

Timbercreek Financial Price Performance

The business's 50-day simple moving average is C$7.69 and its 200 day simple moving average is C$7.15. The company has a market capitalization of C$640.51 million, a P/E ratio of 14.60 and a beta of 1.17. The company has a current ratio of 1.53, a quick ratio of 145.00 and a debt-to-equity ratio of 122.88.

Timbercreek Financial Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th were given a $0.0575 dividend. This represents a c) dividend on an annualized basis and a yield of 8.9%. The ex-dividend date was Monday, June 30th. Timbercreek Financial's dividend payout ratio is 130.19%.

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.