TD Securities Lowers Timbercreek Financial (TSE:TF) to Hold

TD Securities lowered shares of Timbercreek Financial (TSE:TF) from a buy rating to a hold rating in a report issued on Wednesday, BayStreet.CA reports. They currently have C$8.00 target price on the stock, down from their prior target price of C$8.50.

Other equities research analysts have also issued research reports about the company. National Bankshares raised their price objective on Timbercreek Financial from C$7.00 to C$7.50 and gave the company a sector perform rating in a research note on Wednesday, February 28th. Fundamental Research set a C$9.90 price target on shares of Timbercreek Financial and gave the stock a buy rating in a research report on Wednesday, March 13th. Finally, Raymond James set a C$8.40 price target on shares of Timbercreek Financial and gave the company an outperform rating in a report on Monday.

Timbercreek Financial Trading Down 2.4 %

TF opened at C$7.35 on Wednesday. The firm has a market capitalization of C$610.12 million, a P/E ratio of 9.42 and a beta of 1.24. The firm’s 50 day moving average is C$7.62 and its 200-day moving average is C$7.07. The company has a quick ratio of 145.00, a current ratio of 7.72 and a debt-to-equity ratio of 142.94. Timbercreek Financial has a 52-week low of C$5.74 and a 52-week high of C$7.85.

Timbercreek Financial (TSE:TF) last issued its quarterly earnings data on Monday, February 26th. The company reported C$0.18 EPS for the quarter, missing analysts’ consensus estimates of C$0.19 by C($0.01). The firm had revenue of C$29.72 million during the quarter, compared to analyst estimates of C$29.49 million. Timbercreek Financial had a return on equity of 9.49% and a net margin of 75.87%. Analysts expect that Timbercreek Financial will post 0.7256214 EPS for the current fiscal year.

Timbercreek Financial Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a $0.058 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 9.47%. Timbercreek Financial’s dividend payout ratio (DPR) is 88.46%.

Timbercreek Financial Company Profile

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.