Timbercreek Financial (TSE:TF) Stock Price Up 0.1% - Still a Buy?

Shares of Timbercreek Financial Corp. (TSE:TF - Get Free Report) shot up 0.1% on Friday . The stock traded as high as C$7.72 and last traded at C$7.65. 179,433 shares were traded during 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 Analysts Forecast Growth

A number of research analysts have recently issued reports on TF shares. TD Securities raised their price target on shares of 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 objective on shares of Timbercreek Financial and gave the stock a "buy" rating in a research note on Wednesday, April 23rd.

Timbercreek Financial Stock Up 2.1%

The firm has a market cap of C$644.49 million, a price-to-earnings ratio of 10.97 and a beta of 1.23. The stock has a 50-day moving average of C$7.40 and a 200-day moving average of C$6.99. 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 Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th will be issued a $0.0575 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 8.83%. The ex-dividend date is Monday, June 30th. Timbercreek Financial's dividend payout ratio (DPR) is 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.