Timbercreek Financial (TSE:TF) Shares Up 0.1% - Should You Buy?

Timbercreek Financial Corp. (TSE:TF - Get Free Report) shares shot up 0.1% during trading on Friday . The company traded as high as C$7.72 and last traded at C$7.65. 179,433 shares were traded during mid-day trading, a decline of 8% from the average session volume of 194,774 shares. The stock had previously closed at C$7.64.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TF. TD Securities boosted their price target on Timbercreek Financial from C$7.00 to C$7.50 and gave the stock a "hold" rating in a research report on Wednesday, May 7th. Canaccord Genuity Group set a C$8.00 price target on Timbercreek Financial and gave the stock a "buy" rating in a research report on Wednesday, April 23rd.

Timbercreek Financial Trading Up 0.1%

The stock has a fifty day moving average of C$7.40 and a 200 day moving average of C$6.99. The company has a market capitalization of C$631.28 million, a P/E ratio of 10.74 and a beta of 1.23. The company has a debt-to-equity ratio of 122.88, a quick ratio of 145.00 and a current ratio of 1.53.

Timbercreek Financial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th will be issued a dividend of $0.0575 per share. The ex-dividend date is Monday, June 30th. This represents a $0.69 dividend on an annualized basis and a yield of 9.02%. Timbercreek Financial's dividend payout ratio is presently 96.90%.

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.

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