Timbercreek Financial Corp. (TSE:TF - Get Free Report) declared a monthly dividend on Wednesday, October 23rd, Zacks reports. Stockholders of record on Thursday, October 31st will be paid a dividend of 0.058 per share on Friday, November 15th. This represents a $0.70 annualized dividend and a dividend yield of 8.58%. The ex-dividend date of this dividend is Thursday, October 31st.
Timbercreek Financial Stock Performance
TF stock traded up C$0.06 during trading on Friday, reaching C$8.11. 115,658 shares of the company's stock were exchanged, compared to its average volume of 127,733. Timbercreek Financial has a 1-year low of C$5.74 and a 1-year high of C$8.29. The firm has a market cap of C$673.21 million, a PE ratio of 11.11 and a beta of 1.23. The company's fifty day moving average price is C$8.02 and its 200-day moving average price is C$7.61. The company has a quick ratio of 145.00, a current ratio of 7.36 and a debt-to-equity ratio of 132.31.
Timbercreek Financial (TSE:TF - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.19 earnings per share for the quarter, topping the consensus estimate of C$0.18 by C$0.01. The business had revenue of C$26.68 million during the quarter, compared to the consensus estimate of C$27.90 million. Timbercreek Financial had a net margin of 70.41% and a return on equity of 8.73%. On average, research analysts expect that Timbercreek Financial will post 0.7300725 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on TF shares. National Bankshares increased their price target on Timbercreek Financial from C$7.50 to C$8.00 in a research note on Thursday, August 1st. TD Securities raised their target price on Timbercreek Financial from C$7.50 to C$8.00 in a research note on Friday, August 2nd.
Check Out Our Latest Stock Report on Timbercreek Financial
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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