Timbercreek Financial (TSE:TF) Issues Earnings Results

Timbercreek Financial (TSE:TF) announced its quarterly earnings results on Wednesday. The company reported C$0.18 EPS for the quarter, FiscalAI reports. The company had revenue of C$34.86 million during the quarter. Timbercreek Financial had a return on equity of 4.48% and a net margin of 20.62%.

Timbercreek Financial Stock Performance

TF stock opened at C$6.22 on Friday. Timbercreek Financial has a twelve month low of C$6.07 and a twelve month high of C$7.98. The firm has a market cap of C$514.72 million, a price-to-earnings ratio of 16.81 and a beta of 0.82. The business’s fifty day simple moving average is C$6.49 and its two-hundred day simple moving average is C$6.73. The company has a quick ratio of 145.00, a current ratio of 0.20 and a debt-to-equity ratio of 214.06.

Timbercreek Financial Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were paid a $0.0575 dividend. The ex-dividend date was Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 11.1%. Timbercreek Financial’s dividend payout ratio (DPR) is presently 186.49%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TF shares. Raymond James Financial lowered their target price on shares of Timbercreek Financial from C$7.50 to C$7.25 and set an “outperform” rating for the company in a report on Thursday. Canaccord Genuity Group cut their price objective on Timbercreek Financial from C$6.75 to C$6.25 and set a “hold” rating for the company in a research note on Thursday. Finally, National Bank Financial cut their target price on shares of Timbercreek Financial from C$7.00 to C$6.50 and set a “sector perform” rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Timbercreek Financial currently has a consensus rating of “Hold” and a consensus price target of C$6.67.

About Timbercreek Financial

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.