Timbercreek Financial (TSE:TF) Trading Up 0.3% - Here's What Happened

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) was up 0.3% on Monday . The stock traded as high as C$7.72 and last traded at C$7.65. Approximately 231,709 shares changed hands during trading, an increase of 21% from the average daily volume of 191,658 shares. The stock had previously closed at C$7.63.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TF shares. TD Securities upped their price objective on shares of Timbercreek Financial from C$7.50 to C$8.00 and gave the company a "hold" rating in a report on Thursday, July 31st. National Bankshares upped their target price on shares of 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. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Timbercreek Financial presently has a consensus rating of "Hold" and a consensus target price of C$8.08.

Timbercreek Financial Stock Performance

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 cap of C$633.06 million, a PE ratio of 14.43 and a beta of 1.14. The company's 50 day simple moving average is C$7.69 and its 200 day simple moving average is C$7.23.

Timbercreek Financial Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th were paid a $0.0575 dividend. The ex-dividend date was Monday, June 30th. This represents a c) annualized dividend and a yield of 9.0%. Timbercreek Financial's dividend payout ratio (DPR) 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.

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