Shares of Timbercreek Financial Corp (TSE:TF) have earned a consensus rating of “Buy” from the six brokerages that are presently covering the stock, reports. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$9.81.

TF has been the topic of a number of research analyst reports. Raymond James restated a “buy” rating on shares of Canadian Natural Resources in a research note on Friday, May 10th. Echelon Wealth Partners restated a “buy” rating on shares of Timbercreek Financial in a research note on Tuesday, April 30th. National Bank Financial decreased their target price on Timbercreek Financial from C$10.25 to C$10.00 and set an “outperform” rating on the stock in a research note on Thursday, May 9th. Finally, Fundamental Research initiated coverage on Bragg Gaming Group in a research note on Monday, May 13th. They issued a “positive” rating on the stock.

TF traded up C$0.03 during trading on Tuesday, reaching C$9.65. 72,500 shares of the company were exchanged, compared to its average volume of 76,355. The company has a 50-day simple moving average of C$9.45. The stock has a market cap of $792.49 million and a P/E ratio of 14.28. The company has a debt-to-equity ratio of 159.27, a quick ratio of 128.85 and a current ratio of 133.16. Timbercreek Financial has a 12-month low of C$8.50 and a 12-month high of C$9.68.

Timbercreek Financial (TSE:TF) last issued its quarterly earnings data on Wednesday, May 8th. The company reported C$0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.18 by C($0.02). The company had revenue of C$24.51 million during the quarter, compared to analyst estimates of C$27.03 million. Equities analysts predict that Timbercreek Financial will post 0.75 earnings per share for the current year.

The firm also recently announced a monthly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 15th were paid a $0.0575 dividend. The ex-dividend date was Thursday, June 27th. This represents a $0.69 dividend on an annualized basis and a yield of 7.15%. Timbercreek Financial’s dividend payout ratio is currently 102.07%.

About Timbercreek Financial

Timbercreek Financial Corporation, a mortgage investment company, provides shorter-duration structured financing solutions to commercial real estate investors in Canada. It focuses on lending against income-producing commercial real estate properties, such as multi-residential, office, and retail buildings located in urban markets.

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Analyst Recommendations for Timbercreek Financial (TSE:TF)

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