Raymond James Financial downgraded shares of Timbercreek Financial (TSE:TF) from an outperform rating to a market perform rating in a research report sent to investors on Monday.

Separately, National Bank Financial raised their price target on shares of Timbercreek Financial from C$10.00 to C$10.25 and gave the stock an outperform rating in a research note on Thursday, November 9th.

Timbercreek Financial (TF) traded up C$0.01 during midday trading on Monday, hitting C$9.54. 95,663 shares of the company traded hands, compared to its average volume of 51,753. Timbercreek Financial has a twelve month low of C$8.64 and a twelve month high of C$9.75. The company has a market capitalization of $707.51 and a PE ratio of 13.63.

The firm also recently declared a monthly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.058 per share. This is a boost from Timbercreek Financial’s previous monthly dividend of $0.06. The ex-dividend date is Thursday, December 28th. This represents a $0.70 dividend on an annualized basis and a yield of 7.30%. Timbercreek Financial’s dividend payout ratio (DPR) is currently 24.43%.

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