Timbercreek Financial Corp. (TF) to Issue Monthly Dividend of $0.06 on June 15th

Timbercreek Financial Corp. (TSE:TF) announced a monthly dividend on Friday, May 29th, TickerTech Dividends reports. Shareholders of record on Monday, June 15th will be paid a dividend of 0.0575 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 10.4%. The ex-dividend date is Friday, May 29th.

Timbercreek Financial Stock Down 0.3%

Timbercreek Financial stock traded down C$0.02 during mid-day trading on Wednesday, reaching C$6.63. 9,656 shares of the company’s stock were exchanged, compared to its average volume of 228,671. Timbercreek Financial has a twelve month low of C$6.31 and a twelve month high of C$7.98. The company has a fifty day moving average of C$6.69 and a 200-day moving average of C$6.84. The company has a quick ratio of 145.00, a current ratio of 0.20 and a debt-to-equity ratio of 214.06. The company has a market cap of C$548.65 million, a P/E ratio of 17.92 and a beta of 0.85.

Timbercreek Financial (TSE:TF) last posted its quarterly earnings results on Tuesday, May 5th. The company reported C$0.17 EPS for the quarter. Timbercreek Financial had a net margin of 20.62% and a return on equity of 4.48%. The company had revenue of C$44.06 million during the quarter. Sell-side analysts expect that Timbercreek Financial will post 0.7300725 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Canaccord Genuity Group downgraded shares of Timbercreek Financial from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$7.75 to C$7.30 in a research note on Friday, February 27th. National Bank Financial reduced their target price on Timbercreek Financial from C$8.25 to C$8.00 and set a “sector perform” rating for the company in a report on Thursday, February 26th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of C$7.77.

Timbercreek Financial Company Profile

Timbercreek Financial Corp is a Canada-based non-banking commercial real estate lender. The company provides shorter-duration, customized financing solutions to professional real estate investors. It invests directly in a diversified portfolio of structured mortgage loans primarily secured by stabilized, income-producing commercial real estates, such as multi-residential, office and retail buildings located in urban markets across Canada. The company’s strategy is to preserve investor capital by lending mainly against income producing real estate, mitigate concentration risk by diversifying geographically by asset type and borrower and ensure loan to value ratios.