National Bank Financial Cuts Timbercreek Financial (TSE:TF) Price Target to C$6.50

Timbercreek Financial (TSE:TF) had its price target trimmed by National Bank Financial from C$7.00 to C$6.50 in a research note published on Thursday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

TF has been the topic of several other research reports. Canaccord Genuity Group dropped their target price on Timbercreek Financial from C$6.75 to C$6.25 and set a “hold” rating on the stock in a research report on Thursday. Raymond James Financial reduced their price target on Timbercreek Financial from C$7.50 to C$7.25 and set an “outperform” rating for the company in a report on Thursday. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$6.62.

Timbercreek Financial Stock Down 2.7%

Shares of TSE:TF opened at C$6.05 on Thursday. The company has a market cap of C$500.66 million, a price-to-earnings ratio of 16.35 and a beta of 0.82. The firm’s 50-day simple moving average is C$6.48 and its 200-day simple moving average is C$6.72. The company has a quick ratio of 145.00, a current ratio of 4.01 and a debt-to-equity ratio of 232.22. Timbercreek Financial has a fifty-two week low of C$6.03 and a fifty-two week high of C$7.98.

Timbercreek Financial (TSE:TF) last issued its quarterly earnings results on Wednesday, July 29th. The company reported C$0.18 earnings per share (EPS) for the quarter. The business had revenue of C$34.86 million for the quarter. Timbercreek Financial had a net margin of 17.14% and a return on equity of 3.85%. As a group, equities research analysts predict that Timbercreek Financial will post 0.7300725 earnings per share for the current year.

Timbercreek Financial Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were given a $0.0575 dividend. The ex-dividend date was Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 11.4%. Timbercreek Financial’s payout ratio is currently 186.49%.

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.