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

Timbercreek Financial (TSE:TF) had its price objective decreased by National Bank Financial from C$6.50 to C$6.00 in a research note issued to investors on Wednesday morning,BayStreet reports. National Bank Financial currently has a sector perform rating on the stock.

Several other analysts have also recently issued reports on the company. Raymond James Financial dropped their target price on Timbercreek Financial from C$7.50 to C$7.25 and set an “outperform” rating on the stock in a research report on Thursday, July 30th. TD reduced their price target on Timbercreek Financial from C$6.50 to C$5.50 and set a “hold” rating for the company in a research report on Wednesday, October 14th. Finally, Canaccord Genuity Group decreased their price objective on Timbercreek Financial from C$6.75 to C$6.25 and set a “hold” rating for the company in a research note on Thursday, July 30th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Timbercreek Financial presently has a consensus rating of “Hold” and a consensus target price of C$6.25.

Timbercreek Financial Price Performance

Shares of TF opened at C$5.10 on Wednesday. The company has a 50 day moving average price of C$5.44 and a 200-day moving average price of C$6.36. Timbercreek Financial has a fifty-two week low of C$5.03 and a fifty-two week high of C$7.36. The stock has a market capitalization of C$422.04 million, a PE ratio of 16.45 and a beta of 0.84. The company has a debt-to-equity ratio of 232.22, a quick ratio of 145.00 and a current ratio of 1.84.

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

Timbercreek Financial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, November 13th will be issued 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 13.5%. Timbercreek Financial’s dividend payout ratio (DPR) is currently 222.58%.

Insider Activity

In related news, Director Robert Blair Tamblyn acquired 9,400 shares of the stock in a transaction dated Friday, September 25th. The stock was acquired at an average cost of C$5.31 per share, for a total transaction of C$49,914.00. Following the completion of the purchase, the director owned 127,656 shares of the company’s stock, valued at approximately C$677,853.36. This represents a 7.95% increase in their position. Corporate 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.