Timbercreek Financial (TSE:TF) Announces Earnings Results

Timbercreek Financial (TSE:TF) issued its earnings results on Wednesday. The company reported C$0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.17, reports. Timbercreek Financial had a return on equity of 8.73% and a net margin of 70.41%. The business had revenue of C$25.41 million during the quarter, compared to analysts’ expectations of C$28.54 million.

Timbercreek Financial Trading Down 8.1 %

Shares of TF stock opened at C$7.58 on Friday. The stock has a 50-day moving average of C$8.03 and a 200-day moving average of C$7.62. Timbercreek Financial has a 1-year low of C$5.74 and a 1-year high of C$8.29. The stock has a market cap of C$629.22 million, a price-to-earnings ratio of 10.38 and a beta of 1.23. The company has a current ratio of 7.36, a quick ratio of 145.00 and a debt-to-equity ratio of 132.31.

Timbercreek Financial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a $0.058 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.70 annualized dividend and a dividend yield of 9.18%. Timbercreek Financial’s payout ratio is 94.52%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. National Bankshares upped their target price on Timbercreek Financial from C$8.00 to C$8.50 and gave the stock a “sector perform” rating in a report on Wednesday. TD Securities upped their target price on Timbercreek Financial from C$7.50 to C$8.00 in a report on Friday, August 2nd.

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.