Timbercreek Financial (TSE:TF) Trading Down 1.9% – Here’s What Happened

Timbercreek Financial Corp. (TSE:TF) traded down 1.9% during trading on Tuesday . The company traded as low as C$7.14 and last traded at C$7.15. 199,634 shares changed hands during trading, an increase of 19% from the average session volume of 168,006 shares. The stock had previously closed at C$7.29.

Wall Street Analysts Forecast Growth

Separately, National Bankshares increased their price target on shares of Timbercreek Financial from C$8.00 to C$8.50 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th.

Timbercreek Financial Trading Down 1.0 %

The stock has a market capitalization of C$586.05 million, a PE ratio of 9.67 and a beta of 1.23. The company has a debt-to-equity ratio of 132.31, a current ratio of 7.36 and a quick ratio of 145.00. The company’s 50 day moving average price is C$7.41 and its two-hundred day moving average price is C$7.67.

Timbercreek Financial (TSE:TF) last issued its earnings results on Wednesday, October 30th. The company reported C$0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.17. Timbercreek Financial had a return on equity of 8.73% and a net margin of 70.41%. The company had revenue of C$25.41 million during the quarter, compared to analysts’ expectations of C$28.54 million. As a group, analysts expect that Timbercreek Financial Corp. will post 0.7300725 earnings per share for the current year.

Timbercreek Financial Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a $0.058 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.70 annualized dividend and a yield of 9.86%. Timbercreek Financial’s dividend payout ratio (DPR) is currently 94.52%.

Timbercreek Financial Company Profile

Timbercreek Financial Corp. provides shorter-duration structured financing solutions to commercial real estate investors in Canada. It focuses on lending against income-producing real estate properties, such as multi-residential, office, and retail buildings in urban markets. The company was founded in 2016 and is headquartered in Toronto, Canada.