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

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

A number of other analysts also recently weighed in on TF. National Bankshares boosted their target price on Timbercreek Financial from C$7.00 to C$7.50 and gave the stock a sector perform rating in a research report on Wednesday, February 28th. TD Securities raised Timbercreek Financial from a hold rating to a buy rating and upped their price target for the company from C$7.00 to C$8.50 in a report on Wednesday, February 28th. Finally, 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.

Timbercreek Financial Stock Up 0.4 %

Shares of TSE:TF opened at C$7.38 on Monday. The company has a market capitalization of C$612.61 million, a price-to-earnings ratio of 9.46 and a beta of 1.24. The business’s 50-day moving average is C$7.62 and its 200-day moving average is C$7.07. 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 has a 1 year low of C$5.74 and a 1 year high of C$7.85.

Timbercreek Financial (TSE:TF) last announced its earnings results on Monday, February 26th. The company reported C$0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.19 by C($0.01). The company had revenue of C$29.72 million for the quarter, compared to analysts’ expectations of C$29.49 million. Timbercreek Financial had a net margin of 75.87% and a return on equity of 9.49%. Equities research analysts predict that Timbercreek Financial will post 0.7256214 earnings per share for the current year.

Timbercreek Financial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.058 per share. The ex-dividend date is Monday, April 29th. This represents a $0.70 annualized dividend and a yield of 9.43%. 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.