Timbercreek Financial Corp. (TSE:TF - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$6.83 and last traded at C$6.85, with a volume of 131123 shares changing hands. The stock had previously closed at C$6.94.
Wall Street Analyst Weigh In
Separately, National Bankshares upped their target price on shares of Timbercreek Financial from C$8.00 to C$8.50 and gave the stock a "sector perform" rating in a research report on Wednesday, October 30th.
View Our Latest Stock Report on Timbercreek Financial
Timbercreek Financial Stock Down 1.6 %
The firm's fifty day moving average is C$7.38 and its two-hundred day moving average is C$7.66. The firm has a market cap of C$566.96 million, a price-to-earnings ratio of 9.36 and a beta of 1.23. The company has a debt-to-equity ratio of 132.31, a current ratio of 7.36 and a quick ratio of 145.00.
Timbercreek Financial (TSE:TF - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported C$0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.17. Timbercreek Financial had a net margin of 70.41% and a return on equity of 8.73%. The business had revenue of C$25.41 million during the quarter, compared to analysts' expectations of C$28.54 million. On average, sell-side analysts expect that Timbercreek Financial Corp. will post 0.7300725 EPS for the current fiscal year.
Timbercreek Financial Announces Dividend
The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a $0.058 dividend. This represents a $0.70 annualized dividend and a yield of 10.19%. The ex-dividend date of this dividend was Thursday, October 31st. Timbercreek Financial's dividend payout ratio (DPR) is presently 94.52%.
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.
Further Reading
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