Timbercreek Financial (TSE:TF) Given a C$8.40 Price Target at Raymond James

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

TF has been the topic of a number of other research reports. National Bankshares upped their target price on Timbercreek Financial from C$7.00 to C$7.50 and gave the stock a sector perform rating in a report on Wednesday, February 28th. TD Securities upgraded shares of Timbercreek Financial from a hold rating to a buy rating and boosted their price objective for the stock from C$7.00 to C$8.50 in a report on Wednesday, February 28th. Finally, Fundamental Research set a C$9.90 target price on shares of Timbercreek Financial and gave the company a buy rating in a research note on Wednesday, March 13th.

Timbercreek Financial Trading Up 0.9 %

TF opened at C$7.68 on Monday. The firm has a market capitalization of C$637.52 million, a price-to-earnings ratio of 9.85 and a beta of 1.24. Timbercreek Financial has a one year low of C$5.74 and a one year high of C$7.85. The business has a 50 day simple moving average of C$7.63 and a two-hundred day simple moving average of C$7.06. The company has a debt-to-equity ratio of 142.94, a current ratio of 7.72 and a quick ratio of 145.00.

Timbercreek Financial (TSE:TF) last announced its quarterly earnings results 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 business had revenue of C$29.72 million during the quarter, compared to analysts’ expectations of C$29.49 million. Timbercreek Financial had a return on equity of 9.49% and a net margin of 75.87%. Analysts predict that Timbercreek Financial will post 0.7256214 EPS for the current year.

Timbercreek Financial Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be issued a dividend of $0.058 per share. This represents a $0.70 annualized dividend and a yield of 9.06%. The ex-dividend date of this dividend is Monday, April 29th. Timbercreek Financial’s dividend payout ratio is presently 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.