Raymond James Analysts Give Timbercreek Financial (TSE:TF) a C$8.40 Price Target

Raymond James set a C$8.40 price objective on Timbercreek Financial (TSE:TF) in a research note released on Monday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

TF has been the topic of several other research reports. Fundamental Research set a C$9.90 target price on shares of Timbercreek Financial and gave the company a buy rating in a report on Wednesday, March 13th. TD Securities upgraded 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 report on Wednesday, February 28th. Finally, National Bankshares raised their target price on shares of Timbercreek Financial from C$7.00 to C$7.50 and gave the stock a sector perform rating in a research report on Wednesday, February 28th.

Timbercreek Financial Stock Performance

TSE:TF opened at C$7.35 on Monday. The company has a debt-to-equity ratio of 142.94, a quick ratio of 145.00 and a current ratio of 7.72. The stock has a market capitalization of C$610.12 million, a P/E ratio of 9.42 and a beta of 1.24. The company has a 50 day moving average price of C$7.62 and a 200 day moving average price of C$7.07. Timbercreek Financial has a fifty-two week low of C$5.74 and a fifty-two week high of C$7.85.

Timbercreek Financial (TSE:TF) last announced its quarterly earnings data 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 net margin of 75.87% and a return on equity of 9.49%. The firm had revenue of C$29.72 million during the quarter, compared to analyst estimates of C$29.49 million. Equities research analysts forecast that Timbercreek Financial will post 0.7256214 EPS for the current year.

Timbercreek Financial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a $0.058 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 9.47%. The ex-dividend date of this dividend is Monday, April 29th. Timbercreek Financial’s dividend payout ratio is currently 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.