Timbercreek Financial Corp. (TSE:TF) Announces Monthly Dividend of $0.06

Timbercreek Financial Corp. (TSE:TF - Get Free Report) declared a monthly dividend on Tuesday, April 23rd, Zacks reports. Shareholders of record on Tuesday, April 30th will be paid a dividend of 0.058 per share on Wednesday, May 15th. This represents a $0.70 annualized dividend and a yield of 9.19%. The ex-dividend date is Monday, April 29th.

Timbercreek Financial Trading Down 0.1 %

TF traded down C$0.01 during trading on Thursday, hitting C$7.57. The company's stock had a trading volume of 78,273 shares, compared to its average volume of 111,665. The company has a quick ratio of 145.00, a current ratio of 7.72 and a debt-to-equity ratio of 142.94. Timbercreek Financial has a twelve month low of C$5.74 and a twelve month high of C$8.07. The stock's fifty day moving average price is C$7.59 and its 200-day moving average price is C$7.01. The firm has a market capitalization of C$628.39 million, a P/E ratio of 9.71 and a beta of 1.24.

Timbercreek Financial (TSE:TF - Get Free Report) last issued its earnings results on Monday, February 26th. The company reported C$0.18 earnings per share for the quarter, missing analysts' consensus estimates of C$0.19 by C($0.01). Timbercreek Financial had a return on equity of 9.49% and a net margin of 75.87%. The firm had revenue of C$29.72 million for the quarter, compared to analyst estimates of C$29.49 million. Analysts anticipate that Timbercreek Financial will post 0.7256214 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Fundamental Research set a C$9.90 price objective on Timbercreek Financial and gave the company a "buy" rating in a research note on Wednesday, March 13th. TD Securities upgraded Timbercreek Financial from a "hold" rating to a "buy" rating and upped their price objective for the company from C$7.00 to C$8.50 in a research note on Wednesday, February 28th. Finally, National Bankshares upped their price objective on Timbercreek Financial from C$7.00 to C$7.50 and gave the company a "sector perform" rating in a research note on Wednesday, February 28th.

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.