Timbercreek Financial (TSE:TF) Stock Gets Price Target Reduction from TD

Timbercreek Financial (TSE:TF) had its target price trimmed by TD from C$6.50 to C$5.50 in a research note issued to investors on Wednesday morning,BayStreet reports. The brokerage currently has a hold rating on the stock.

Several other equities analysts have also recently weighed in on the stock. Raymond James Financial decreased their price target on shares of Timbercreek Financial from C$7.50 to C$7.25 and set an “outperform” rating for the company in a research note on Thursday, July 30th. National Bank Financial cut their price objective on shares of Timbercreek Financial from C$7.00 to C$6.50 and set a “sector perform” rating on the stock in a research report on Thursday, July 30th. Finally, Canaccord Genuity Group reduced their target price on shares of Timbercreek Financial from C$6.75 to C$6.25 and set a “hold” rating for the company in a report on Thursday, July 30th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Timbercreek Financial presently has a consensus rating of “Hold” and a consensus target price of C$6.38.

Timbercreek Financial Stock Performance

TF opened at C$5.20 on Wednesday. The business’s 50-day moving average price is C$5.64 and its two-hundred day moving average price is C$6.23. Timbercreek Financial has a 1 year low of C$5.07 and a 1 year high of C$7.36. The company has a market capitalization of C$430.32 million, a price-to-earnings ratio of 16.77 and a beta of 0.84. The company has a debt-to-equity ratio of 232.22, a current ratio of 1.84 and a quick ratio of 145.00.

Timbercreek Financial (TSE:TF) last issued its quarterly earnings results on Wednesday, July 29th. The company reported C$0.18 EPS for the quarter. The company had revenue of C$45.12 million for the quarter. Timbercreek Financial had a return on equity of 3.85% and a net margin of 17.14%. Equities analysts expect that Timbercreek Financial will post 0.73 EPS for the current fiscal year.

Timbercreek Financial Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, November 13th will be given a $0.0575 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 13.3%. Timbercreek Financial’s payout ratio is currently 222.58%.

Insider Transactions at Timbercreek Financial

In related news, Director Robert Blair Tamblyn bought 9,400 shares of the company’s stock in a transaction that occurred on Friday, September 25th. The shares were acquired at an average price of C$5.31 per share, for a total transaction of C$49,914.00. Following the completion of the acquisition, the director owned 127,656 shares of the company’s stock, valued at approximately C$677,853.36. The trade was a 7.95% increase in their position. Insiders own 0.85% of the company’s stock.

Timbercreek Financial Company Profile

Timbercreek Financial is a leading non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate professionals. Our sophisticated, service-oriented approach allows us to meet the needs of borrowers, including faster execution and more flexible terms that are not typically provided by Canadian financial institutions. By employing thorough underwriting, active management and strong governance, we are able to meet these needs while generating strong risk-adjusted yields for investors.