Timbercreek Financial (TSE:TF) Stock Price Up 1.2% - Should You Buy?

Key Points

• Timbercreek Financial's stock rose by 1.2% to C$7.32, with trading volume increasing 17% compared to its average.
• Analysts have upgraded Timbercreek Financial's target prices, with TD Securities raising it to C$8.00 and National Bankshares to C$8.25, while the consensus rating remains a "Hold" with an average target of C$8.08.
• The company has announced a dividend of $0.0575 to be paid to shareholders, reflecting a high payout ratio of 130.19%.

Timbercreek Financial Corp. (TSE:TF - Get Free Report) shot up 1.2% on Wednesday . The company traded as high as C$7.40 and last traded at C$7.32. 222,207 shares traded hands during mid-day trading, an increase of 17% from the average session volume of 190,664 shares. The stock had previously closed at C$7.23.

Analyst Ratings Changes

Several research analysts have commented on the company. TD Securities lifted their target price on Timbercreek Financial from C$7.50 to C$8.00 and gave the stock a "hold" rating in a report on Thursday, July 31st. National Bankshares lifted their price objective on Timbercreek Financial from C$8.00 to C$8.25 and gave the stock a "sector perform" rating in a research note on Tuesday, July 29th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of C$8.08.

Timbercreek Financial Stock Performance

The stock has a fifty day simple moving average of C$7.58 and a two-hundred day simple moving average of C$7.36. The company has a debt-to-equity ratio of 122.88, a quick ratio of 145.00 and a current ratio of 1.53. The stock has a market capitalization of C$605.75 million, a price-to-earnings ratio of 13.81 and a beta of 1.08.

Timbercreek Financial Dividend Announcement

The firm also recently announced a sep 25 dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 29th will be issued a $0.0575 dividend. Timbercreek Financial's payout ratio is currently 130.19%.

Timbercreek Financial Company Profile

Timbercreek Financial Corp is a Canada-based non-banking commercial real estate lender. The company provides shorter-duration, customized financing solutions to professional real estate investors. It invests directly in a diversified portfolio of structured mortgage loans primarily secured by stabilized, income-producing commercial real estates, such as multi-residential, office and retail buildings located in urban markets across Canada.

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