Timbercreek Financial (TSE:TF) Issues Earnings Results, Meets Expectations

Timbercreek Financial (TSE:TF) posted its quarterly earnings data on Wednesday. The company reported C$0.17 EPS for the quarter, hitting analysts’ consensus estimates of C$0.17, reports. The firm had revenue of C$25.41 million for the quarter, compared to analyst estimates of C$28.54 million. Timbercreek Financial had a return on equity of 8.73% and a net margin of 70.41%.

Timbercreek Financial Stock Performance

TSE TF opened at C$7.53 on Friday. The firm’s fifty day moving average price is C$8.02 and its two-hundred day moving average price is C$7.62. The stock has a market cap of C$625.07 million, a PE ratio of 10.32 and a beta of 1.23. The company has a debt-to-equity ratio of 132.31, a quick ratio of 145.00 and a current ratio of 7.36. Timbercreek Financial has a fifty-two week low of C$5.96 and a fifty-two week high of C$8.29.

Timbercreek Financial Dividend Announcement

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. This represents a $0.70 dividend on an annualized basis and a yield of 9.24%. The ex-dividend date of this dividend is Thursday, October 31st. Timbercreek Financial’s dividend payout ratio is 94.52%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. National Bankshares increased 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 increased their price objective on shares of Timbercreek Financial from C$7.50 to C$8.00 in a research note 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.