Timbercreek Financial (TSE:TF - Free Report) had its price objective reduced by TD Securities from C$8.00 to C$7.00 in a research report sent to investors on Monday morning,BayStreet.CA reports. They currently have a hold rating on the stock.
Timbercreek Financial Trading Down 1.2 %
TSE TF traded down C$0.08 on Monday, hitting C$6.62. 263,583 shares of the company were exchanged, compared to its average volume of 266,375. The company has a debt-to-equity ratio of 122.88, a current ratio of 1.53 and a quick ratio of 145.00. Timbercreek Financial has a twelve month low of C$6.54 and a twelve month high of C$8.29. The firm has a market capitalization of C$546.29 million, a P/E ratio of 9.30 and a beta of 1.23. The company's 50 day moving average price is C$6.94 and its 200-day moving average price is C$7.50.
Timbercreek Financial Cuts Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, March 14th will be paid a $0.0575 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 10.42%. The ex-dividend date of this dividend is Friday, February 28th. Timbercreek Financial's dividend payout ratio is 96.90%.
About Timbercreek Financial
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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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