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

Timbercreek Financial Corp. (TSE:TF) declared a monthly dividend on Friday, May 29th, TickerTech Dividends reports. Shareholders of record on Monday, June 15th will be paid a dividend of 0.0575 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 10.4%. The ex-dividend date is Friday, May 29th.

Timbercreek Financial Price Performance

Shares of TF stock opened at C$6.62 on Wednesday. The company has a debt-to-equity ratio of 214.06, a current ratio of 0.20 and a quick ratio of 145.00. The company has a market capitalization of C$547.82 million, a PE ratio of 17.89 and a beta of 0.85. The firm’s 50-day moving average is C$6.69 and its two-hundred day moving average is C$6.84. Timbercreek Financial has a 12 month low of C$6.31 and a 12 month high of C$7.98.

Timbercreek Financial (TSE:TF) last posted its quarterly earnings results on Tuesday, May 5th. The company reported C$0.17 earnings per share for the quarter. The business had revenue of C$44.06 million during the quarter. Timbercreek Financial had a net margin of 20.62% and a return on equity of 4.48%. Analysts predict that Timbercreek Financial will post 0.7300725 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Canaccord Genuity Group cut Timbercreek Financial from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$7.75 to C$7.30 in a report on Friday, February 27th. National Bank Financial reduced their target price on Timbercreek Financial from C$8.25 to C$8.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 26th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$7.77.

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. The company’s strategy is to preserve investor capital by lending mainly against income producing real estate, mitigate concentration risk by diversifying geographically by asset type and borrower and ensure loan to value ratios.