Timbercreek Financial Corp to Post Q3 2018 Earnings of $0.17 Per Share, Raymond James Forecasts (TF)
Timbercreek Financial Corp (TSE:TF) – Raymond James cut their Q3 2018 earnings estimates for shares of Timbercreek Financial in a report released on Wednesday, August 15th. Raymond James analyst J. Rodrigues now expects that the company will earn $0.17 per share for the quarter, down from their prior estimate of $0.18. Raymond James also issued estimates for Timbercreek Financial’s FY2018 earnings at $0.66 EPS.
Separately, Fundamental Research assumed coverage on Timbercreek Financial in a research note on Thursday, June 28th. They set a “top pick” rating and a C$10.13 price target for the company.
The company also recently declared a monthly dividend, which was paid on Wednesday, August 15th. Shareholders of record on Wednesday, August 15th were paid a dividend of $0.0575 per share. The ex-dividend date of this dividend was Monday, July 30th. This represents a $0.69 annualized dividend and a yield of 7.34%.
About Timbercreek Financial
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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