Timbercreek Financial (TSE:TF – Free Report) had its price objective lifted by National Bankshares from C$8.00 to C$8.50 in a report issued on Wednesday, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.
Separately, TD Securities raised their price objective on Timbercreek Financial from C$7.50 to C$8.00 in a research report on Friday, August 2nd.
Check Out Our Latest Research Report on Timbercreek Financial
Timbercreek Financial Stock Down 0.7 %
Timbercreek Financial (TSE:TF – Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported C$0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.17. Timbercreek Financial had a net margin of 70.41% and a return on equity of 8.73%. The business had revenue of C$25.41 million for the quarter, compared to the consensus estimate of C$28.54 million. Sell-side analysts forecast that Timbercreek Financial will post 0.7300725 earnings per share for the current year.
Timbercreek Financial Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a dividend of $0.058 per share. The ex-dividend date is Thursday, October 31st. This represents a $0.70 dividend on an annualized basis and a yield of 9.24%. Timbercreek Financial’s dividend payout ratio (DPR) is 94.52%.
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.
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