TD Securities Cuts Timbercreek Financial (TSE:TF) Price Target to C$7.00

Timbercreek Financial (TSE:TF) had its target price decreased by TD Securities from C$8.00 to C$7.00 in a report published on Monday morning,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

Timbercreek Financial Trading Up 1.5 %

TF opened at C$6.64 on Monday. The firm has a market cap of C$547.94 million, a price-to-earnings ratio of 9.33 and a beta of 1.23. The stock has a fifty day moving average price of C$6.92 and a 200-day moving average price of C$7.48. Timbercreek Financial has a 12 month low of C$6.46 and a 12 month high of C$8.29. The company has a current ratio of 1.53, a quick ratio of 145.00 and a debt-to-equity ratio of 122.88.

Timbercreek Financial Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, March 14th will be paid a $0.0575 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 10.39%. The ex-dividend date is Friday, February 28th. Timbercreek Financial’s dividend payout ratio (DPR) is presently 96.90%.

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.