Timbercreek Financial (TSE:TF) Given New C$7.50 Price Target at TD Securities

Timbercreek Financial (TSE:TF) had its target price increased by TD Securities from C$7.00 to C$7.50 in a research report released on Wednesday,BayStreet.CA reports. The firm currently has a hold rating on the stock.

Separately, Canaccord Genuity Group set a C$8.00 price objective on shares of Timbercreek Financial and gave the stock a “buy” rating in a research report on Wednesday, April 23rd.

Timbercreek Financial Price Performance

TF opened at C$7.11 on Wednesday. The firm has a market capitalization of C$586.72 million, a PE ratio of 9.99 and a beta of 1.23. The company has a debt-to-equity ratio of 122.88, a current ratio of 1.53 and a quick ratio of 145.00. The business’s 50-day moving average is C$6.63 and its two-hundred day moving average is C$7.03. Timbercreek Financial has a 1 year low of C$5.91 and a 1 year high of C$8.29.

Timbercreek Financial Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were paid a dividend of $0.0575 per share. The ex-dividend date was Friday, February 28th. This represents a $0.69 annualized dividend and a yield of 9.70%. Timbercreek Financial’s dividend payout ratio (DPR) is 96.90%.

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.