Timbercreek Financial (TSE:TF) Announces Quarterly Earnings Results

Timbercreek Financial (TSE:TF) issued its earnings results on Tuesday. The company reported C$0.17 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$44.06 million during the quarter. Timbercreek Financial had a net margin of 23.39% and a return on equity of 5.09%.

Timbercreek Financial Stock Up 0.6%

TF opened at C$6.65 on Wednesday. The company has a quick ratio of 145.00, a current ratio of 0.25 and a debt-to-equity ratio of 197.35. The firm has a 50 day moving average price of C$6.78 and a 200-day moving average price of C$6.89. Timbercreek Financial has a twelve month low of C$6.31 and a twelve month high of C$7.98. The stock has a market capitalization of C$550.31 million, a price-to-earnings ratio of 15.83 and a beta of 0.85.

Timbercreek Financial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.0575 per share. This represents a c) annualized dividend and a dividend yield of 10.4%. The ex-dividend date of this dividend is Thursday, April 30th. Timbercreek Financial’s payout ratio is presently 164.29%.

Analysts Set New Price Targets

Several research analysts have issued reports on TF shares. National Bank Financial decreased their target price on shares of Timbercreek Financial from C$8.25 to C$8.00 and set a “sector perform” rating for the company in a report on Thursday, February 26th. Canaccord Genuity Group cut shares of Timbercreek Financial from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$7.75 to C$7.30 in a report on Friday, February 27th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Timbercreek Financial has a consensus rating of “Hold” and a consensus target price of C$7.77.

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.