Timbercreek Financial Corp (TSE:TF) Receives C$9.83 Average PT from Brokerages

Shares of Timbercreek Financial Corp (TSE:TF) have been given an average rating of “Buy” by the six analysts that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$9.83.

A number of research analysts recently weighed in on the stock. Raymond James reiterated a “market perform” rating and issued a C$10.00 price objective on shares of Timbercreek Financial in a research note on Friday, August 9th. Fundamental Research reiterated a “buy” rating and issued a C$10.17 price objective on shares of Timbercreek Financial in a research note on Wednesday, August 28th.

Shares of TSE:TF remained flat at $C$9.59 during mid-day trading on Friday. 99,759 shares of the company were exchanged, compared to its average volume of 84,018. The company has a current ratio of 86.89, a quick ratio of 84.05 and a debt-to-equity ratio of 145.40. The stock has a market capitalization of $805.79 million and a price-to-earnings ratio of 14.00. The company has a 50 day simple moving average of C$9.59 and a 200-day simple moving average of C$9.48. Timbercreek Financial has a 52 week low of C$8.50 and a 52 week high of C$9.92.

Timbercreek Financial (TSE:TF) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$0.16 EPS for the quarter, missing analysts’ consensus estimates of C$0.20 by C($0.04). The company had revenue of C$24.98 million for the quarter, compared to the consensus estimate of C$26.20 million. On average, equities analysts expect that Timbercreek Financial will post 0.75 EPS for the current fiscal year.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be paid a $0.0575 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.69 dividend on an annualized basis and a yield of 7.19%. Timbercreek Financial’s dividend payout ratio is 92.34%.

About Timbercreek Financial

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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Analyst Recommendations for Timbercreek Financial (TSE:TF)

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