Timbercreek Financial (TSE:TF) Given New C$6.50 Price Target at TD

Timbercreek Financial (TSE:TF) had its price target trimmed by TD from C$7.00 to C$6.50 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

TF has been the subject of several other reports. National Bank Financial dropped their price objective on Timbercreek Financial from C$7.00 to C$6.50 and set a “sector perform” rating for the company in a research report on Thursday. Raymond James Financial decreased their target price on Timbercreek Financial from C$7.50 to C$7.25 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Canaccord Genuity Group lowered their target price on Timbercreek Financial from C$6.75 to C$6.25 and set a “hold” rating for the company in a research note on Thursday. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$6.62.

Timbercreek Financial Stock Performance

Shares of TSE:TF opened at C$6.05 on Friday. Timbercreek Financial has a 1 year low of C$6.03 and a 1 year high of C$7.98. The stock has a market capitalization of C$500.66 million, a price-to-earnings ratio of 16.35 and a beta of 0.82. The company has a debt-to-equity ratio of 232.22, a current ratio of 4.01 and a quick ratio of 145.00. The company’s 50 day simple moving average is C$6.48 and its 200 day simple moving average is C$6.72.

Timbercreek Financial (TSE:TF) last released its earnings results on Wednesday, July 29th. The company reported C$0.18 earnings per share for the quarter. The firm had revenue of C$34.86 million during the quarter. Timbercreek Financial had a return on equity of 3.85% and a net margin of 17.14%. As a group, research analysts predict that Timbercreek Financial will post 0.7300725 EPS for the current fiscal year.

Timbercreek Financial Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were issued a $0.0575 dividend. This represents a c) dividend on an annualized basis and a yield of 11.4%. The ex-dividend date was Friday, May 29th. Timbercreek Financial’s dividend payout ratio (DPR) is 186.49%.

About Timbercreek Financial

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.