Raymond James Financial downgraded shares of Timbercreek Financial (TSE:TF) from an outperform rating to a market perform rating in a research report report published on Monday morning. Raymond James Financial also issued estimates for Timbercreek Financial’s FY2019 earnings at $0.79 EPS.

Separately, National Bank Financial raised their target price on Timbercreek Financial from C$10.00 to C$10.25 and gave the company an outperform rating in a report on Thursday, November 9th.

Shares of Timbercreek Financial (TSE TF) opened at C$9.46 on Monday. The firm has a market capitalization of $707.51 and a price-to-earnings ratio of 13.51. Timbercreek Financial has a twelve month low of C$8.70 and a twelve month high of C$9.75.

The firm also recently announced a monthly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be issued a $0.058 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 7.36%. The ex-dividend date is Thursday, December 28th. This is an increase from Timbercreek Financial’s previous monthly dividend of $0.06. Timbercreek Financial’s dividend payout ratio (DPR) is currently 24.43%.

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