Timbercreek Financial (TSE:TF) Shares Down 0.3% – Here’s Why

Timbercreek Financial Corp. (TSE:TF) shares traded down 0.3% on Monday . The stock traded as low as C$7.74 and last traded at C$7.74. 115,365 shares changed hands during mid-day trading, a decline of 13% from the average session volume of 131,872 shares. The stock had previously closed at C$7.76.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TF shares. National Bankshares boosted their price target on Timbercreek Financial from C$8.00 to C$8.50 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. TD Securities boosted their target price on Timbercreek Financial from C$7.50 to C$8.00 in a report on Friday, August 2nd.

Timbercreek Financial Trading Down 0.3 %

The firm has a fifty day moving average of C$7.96 and a 200-day moving average of C$7.64. The company has a debt-to-equity ratio of 132.31, a quick ratio of 145.00 and a current ratio of 7.36. The stock has a market capitalization of C$642.50 million, a price-to-earnings ratio of 10.60 and a beta of 1.23.

Timbercreek Financial (TSE:TF) last posted its earnings results on Wednesday, October 30th. The company reported C$0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.17. The business had revenue of C$25.41 million during the quarter, compared to analyst estimates of C$28.54 million. Timbercreek Financial had a return on equity of 8.73% and a net margin of 70.41%. As a group, equities analysts predict that Timbercreek Financial Corp. will post 0.7300725 earnings per share for the current fiscal year.

Timbercreek Financial Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a $0.058 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 8.99%. The ex-dividend date was Thursday, October 31st. Timbercreek Financial’s payout ratio is 94.52%.

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.