Brokerages Set Timbercreek Financial Corp (TSE:TF) Price Target at C$9.81

Shares of Timbercreek Financial Corp (TSE:TF) have been given an average rating of “Buy” by the six research firms that are covering the company, reports. Two research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is C$9.81.

Several equities research analysts have recently commented on the company. National Bank Financial decreased their price objective on Timbercreek Financial from C$10.25 to C$10.00 and set an “outperform” rating for the company in a report on Thursday, May 9th. Echelon Wealth Partners restated a “buy” rating on shares of Timbercreek Financial in a report on Tuesday, April 30th. Raymond James restated a “buy” rating on shares of Canadian Natural Resources in a report on Friday, May 10th. Finally, Fundamental Research began coverage on Bragg Gaming Group in a report on Monday, May 13th. They set a “positive” rating for the company.

Shares of Timbercreek Financial stock traded up C$0.03 during midday trading on Tuesday, reaching C$9.65. The company had a trading volume of 72,500 shares, compared to its average volume of 76,355. Timbercreek Financial has a fifty-two week low of C$8.50 and a fifty-two week high of C$9.68. The company has a current ratio of 133.16, a quick ratio of 128.85 and a debt-to-equity ratio of 159.27. The stock’s fifty day moving average is C$9.45. The stock has a market capitalization of $792.49 million and a price-to-earnings ratio of 14.28.

Timbercreek Financial (TSE:TF) last issued its quarterly earnings results on Wednesday, May 8th. The company reported C$0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.18 by C($0.02). The business had revenue of C$24.51 million during the quarter, compared to analysts’ expectations of C$27.03 million. Research analysts forecast that Timbercreek Financial will post 0.75 earnings per share for the current fiscal year.

The business also recently declared a monthly dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 15th were issued a dividend of $0.0575 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.69 annualized dividend and a yield of 7.15%. Timbercreek Financial’s dividend payout ratio (DPR) is currently 102.07%.

Timbercreek Financial Company Profile

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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