Shares of Timbercreek Financial Corp (TSE:TF) have been given an average rating of “Buy” by the six ratings firms that are currently covering the firm, reports. Two investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$9.85.

Several equities research analysts have recently issued reports on TF shares. Raymond James restated 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. Echelon Wealth Partners restated a “buy” rating on shares of Timbercreek Financial in a research note on Tuesday, April 30th. National Bank Financial lowered their price objective on shares of Timbercreek Financial from C$10.25 to C$10.00 and set an “outperform” rating on the stock in a research note on Thursday, May 9th. Finally, Fundamental Research raised their target price on Timbercreek Financial from C$10.20 to C$10.23 and gave the stock a “top pick” rating in a research report on Monday, May 13th.

Shares of TSE TF traded down C$0.10 during mid-day trading on Friday, reaching C$9.38. The company had a trading volume of 66,471 shares, compared to its average volume of 77,984. The business has a fifty day simple moving average of C$9.59. The company has a quick ratio of 128.85, a current ratio of 133.16 and a debt-to-equity ratio of 159.27. The stock has a market capitalization of $788.37 million and a P/E ratio of 13.86. Timbercreek Financial has a 12-month low of C$8.50 and a 12-month high of C$9.77.

Timbercreek Financial (TSE:TF) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$0.16 EPS for the quarter, missing the consensus estimate of C$0.20 by C($0.04). The business had revenue of C$24.98 million during the quarter, compared to the consensus estimate of C$26.20 million. Research analysts expect that Timbercreek Financial will post 0.75 earnings per share for the current year.

The business also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.0575 per share. The ex-dividend date of this dividend is Tuesday, July 30th. This represents a $0.69 annualized dividend and a dividend yield of 7.36%. Timbercreek Financial’s payout ratio is currently 93.57%.

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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