Timbercreek Financial Corp. (TSE:TF - Get Free Report)'s stock price was down 0.3% during trading on Monday . The company traded as low as C$7.74 and last traded at C$7.74. Approximately 115,365 shares were traded during trading, a decline of 13% from the average daily volume of 131,872 shares. The stock had previously closed at C$7.76.
Wall Street Analyst Weigh In
TF has been the topic of several recent analyst reports. TD Securities upped their price objective on shares of Timbercreek Financial from C$7.50 to C$8.00 in a report on Friday, August 2nd. National Bankshares boosted their price target on Timbercreek Financial from C$8.00 to C$8.50 and gave the company a "sector perform" rating in a research note on Wednesday, October 30th.
Read Our Latest Stock Report on Timbercreek Financial
Timbercreek Financial Stock Performance
The company has a market capitalization of C$639.18 million, a price-to-earnings ratio of 10.60 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. The firm has a fifty day simple moving average of C$7.96 and a 200 day simple moving average of C$7.64.
Timbercreek Financial (TSE:TF - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported C$0.17 earnings per share for the quarter, meeting analysts' consensus estimates of C$0.17. The company had revenue of C$25.41 million for the quarter, compared to analyst estimates of C$28.54 million. Timbercreek Financial had a return on equity of 8.73% and a net margin of 70.41%. On average, analysts anticipate that Timbercreek Financial Corp. will post 0.7300725 earnings per share for the current fiscal year.
Timbercreek Financial Dividend Announcement
The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.058 per share. This represents a $0.70 dividend on an annualized basis and a yield of 9.04%. The ex-dividend date of this dividend was Thursday, October 31st. Timbercreek Financial's dividend payout ratio (DPR) is presently 94.52%.
Timbercreek Financial Company Profile
(
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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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