Raymond James set a C$8.40 target price on Timbercreek Financial (TSE:TF – Free Report) in a report published on Monday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
Several other equities research analysts have also recently commented on the company. Fundamental Research set a C$9.90 price target on Timbercreek Financial and gave the company a buy rating in a report on Wednesday, March 13th. National Bankshares raised their target price on Timbercreek Financial from C$7.00 to C$7.50 and gave the stock a sector perform rating in a research note on Wednesday, February 28th. Finally, TD Securities raised shares of Timbercreek Financial from a hold rating to a buy rating and boosted their price target for the company from C$7.00 to C$8.50 in a research report on Wednesday, February 28th.
Get Our Latest Analysis on Timbercreek Financial
Timbercreek Financial Trading Down 2.4 %
Timbercreek Financial (TSE:TF – Get Free Report) last posted its quarterly 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 business had revenue of C$29.72 million for the quarter, compared to analyst estimates of C$29.49 million. Research analysts expect that Timbercreek Financial will post 0.7256214 earnings per share for the current fiscal year.
Timbercreek Financial Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.058 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.70 annualized dividend and a yield of 9.47%. Timbercreek Financial’s dividend payout ratio (DPR) is 88.46%.
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.
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