Timbercreek Financial Corp. (TF) To Go Ex-Dividend on April 29th

Timbercreek Financial Corp. (TSE:TF) declared a monthly dividend on Tuesday, April 23rd, Zacks reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 9.12%. The ex-dividend date of this dividend is Monday, April 29th.

Timbercreek Financial Price Performance

Shares of TF opened at C$7.63 on Friday. The firm has a market capitalization of C$633.37 million, a price-to-earnings ratio of 9.78 and a beta of 1.24. The company has a debt-to-equity ratio of 142.94, a quick ratio of 145.00 and a current ratio of 7.72. Timbercreek Financial has a one year low of C$5.74 and a one year high of C$7.91. The stock’s fifty day moving average is C$7.60 and its 200-day moving average is C$7.01.

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

Analyst Ratings Changes

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

About Timbercreek Financial

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.