Timbercreek Financial (TSE:TF) Releases Earnings Results

Timbercreek Financial (TSE:TF) announced its quarterly earnings data on Tuesday. The company reported C$0.17 earnings per share for the quarter, FiscalAI reports. Timbercreek Financial had a return on equity of 5.09% and a net margin of 23.39%.The company had revenue of C$44.06 million during the quarter.

Timbercreek Financial Trading Up 0.2%

TSE TF traded up C$0.01 during trading hours on Thursday, hitting C$6.67. 44,781 shares of the company’s stock were exchanged, compared to its average volume of 228,684. The firm has a market cap of C$551.96 million, a price-to-earnings ratio of 15.88 and a beta of 0.85. The stock has a 50-day simple moving average of C$6.77 and a 200 day simple moving average of C$6.88. The company has a current ratio of 0.25, a quick ratio of 145.00 and a debt-to-equity ratio of 197.35. Timbercreek Financial has a 1-year low of C$6.31 and a 1-year high of C$7.98.

Timbercreek Financial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 15th will be given a $0.0575 dividend. The ex-dividend date of this dividend is Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 10.3%. Timbercreek Financial’s dividend payout ratio (DPR) is 164.29%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TF. Canaccord Genuity Group cut shares of Timbercreek Financial from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$7.75 to C$7.30 in a research note on Friday, February 27th. National Bank Financial decreased their target price on Timbercreek Financial from C$8.25 to C$8.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 26th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$7.77.

About Timbercreek Financial

Timbercreek Financial Corp is a Canada-based non-banking commercial real estate lender. The company provides shorter-duration, customized financing solutions to professional real estate investors. It invests directly in a diversified portfolio of structured mortgage loans primarily secured by stabilized, income-producing commercial real estates, such as multi-residential, office and retail buildings located in urban markets across Canada. The company’s strategy is to preserve investor capital by lending mainly against income producing real estate, mitigate concentration risk by diversifying geographically by asset type and borrower and ensure loan to value ratios.