Fundamental Research reaffirmed their buy rating on shares of Timbercreek Financial (TSE:TF) in a research note released on Tuesday morning, BayStreet.CA reports. The brokerage currently has a C$10.30 price objective on the stock.
Separately, Raymond James reiterated a market perform rating and issued a C$10.00 price target on shares of Timbercreek Financial in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Timbercreek Financial presently has a consensus rating of Buy and a consensus price target of C$9.83.
Shares of Timbercreek Financial stock opened at C$10.01 on Tuesday. The company has a debt-to-equity ratio of 134.41, a current ratio of 50.58 and a quick ratio of 50.25. The stock has a market cap of $818.86 million and a price-to-earnings ratio of 14.76. The firm’s 50-day moving average is C$9.71 and its two-hundred day moving average is C$9.58. Timbercreek Financial has a 1 year low of C$8.50 and a 1 year high of C$10.01.
The company also recently announced a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, December 13th will be issued a $0.0575 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.69 dividend on an annualized basis and a yield of 6.89%. Timbercreek Financial’s dividend payout ratio is presently 93.29%.
Timbercreek Financial Company Profile
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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