Timbercreek Financial (TSE:TF) Downgraded by TD Securities to Hold

TD Securities lowered shares of Timbercreek Financial (TSE:TF) from a buy rating to a hold rating in a research report sent to investors on Wednesday, BayStreet.CA reports. The brokerage currently has C$8.00 price target on the stock, down from their previous price target of C$8.50.

TF has been the subject of a number of other reports. Raymond James set a C$8.40 target price on Timbercreek Financial and gave the company an outperform rating in a report on Monday. Fundamental Research set a C$9.90 price objective on shares of Timbercreek Financial and gave the company a buy rating in a report on Wednesday, March 13th. Finally, National Bankshares increased their target price on shares of Timbercreek Financial from C$7.00 to C$7.50 and gave the stock a sector perform rating in a report on Wednesday, February 28th.

Timbercreek Financial Price Performance

Timbercreek Financial stock opened at C$7.35 on Wednesday. The company has a debt-to-equity ratio of 142.94, a quick ratio of 145.00 and a current ratio of 7.72. The company has a market capitalization of C$610.12 million, a price-to-earnings ratio of 9.42 and a beta of 1.24. The company’s 50 day simple moving average is C$7.62 and its 200-day simple moving average is C$7.07. Timbercreek Financial has a 1 year low of C$5.74 and a 1 year high of C$7.85.

Timbercreek Financial (TSE:TF) last announced its earnings results on Monday, February 26th. The company reported C$0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.19 by C($0.01). Timbercreek Financial had a net margin of 75.87% and a return on equity of 9.49%. The firm had revenue of C$29.72 million during the quarter, compared to analysts’ expectations of C$29.49 million. As a group, equities research analysts expect that Timbercreek Financial will post 0.7256214 earnings per share for the current year.

Timbercreek Financial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.058 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 9.47%. Timbercreek Financial’s payout ratio is 88.46%.

About Timbercreek Financial

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.