Timbercreek Financial (TSE:TF) Shares Up 0.3% - What's Next?

Key Points

• Timbercreek Financial Corp. (TSE:TF) saw a slight increase in stock price, trading up 0.3% to C$7.65 on Monday with over 231,000 shares exchanged, marking a 21% rise in trading volume.
• Analyst ratings are mixed, with TD Securities raising its target price to C$8.00 and maintaining a "hold" stance, while National Bankshares increased its target to C$8.25 with a "sector perform" rating.
• The company announced a monthly dividend of $0.0575, resulting in an annualized yield of 9.0%, although its dividend payout ratio stands at a high 130.19%.

Timbercreek Financial Corp. (TSE:TF - Get Free Report)'s stock price traded up 0.3% during mid-day trading on Monday . The company traded as high as C$7.72 and last traded at C$7.65. 231,709 shares traded hands during mid-day trading, an increase of 21% from the average session volume of 191,658 shares. The stock had previously closed at C$7.63.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. TD Securities lifted their price target on Timbercreek Financial from C$7.50 to C$8.00 and gave the stock a "hold" rating in a research note on Thursday, July 31st. National Bankshares lifted their price target 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 analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, Timbercreek Financial currently has a consensus rating of "Hold" and a consensus target price of C$8.08.

Timbercreek Financial Price Performance

The company has a quick ratio of 145.00, a current ratio of 1.53 and a debt-to-equity ratio of 122.88. The company has a market cap of C$638.85 million, a PE ratio of 14.57 and a beta of 1.14. The stock has a 50-day simple moving average of C$7.69 and a 200 day simple moving average of C$7.25.

Timbercreek Financial Dividend Announcement

The firm 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. The ex-dividend date was Monday, June 30th. This represents a c) dividend on an annualized basis and a yield of 8.9%. Timbercreek Financial's payout ratio is currently 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.