Canaccord Genuity Group Cuts Timbercreek Financial (TSE:TF) Price Target to C$6.25

Timbercreek Financial (TSE:TF) had its price objective cut by Canaccord Genuity Group from C$6.75 to C$6.25 in a report published on Thursday morning,BayStreet.CA reports. They currently have a hold rating on the stock.

Separately, Raymond James Financial dropped their price objective on Timbercreek Financial from C$7.50 to C$7.25 and set an “outperform” rating for the company in a research note on Thursday. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Timbercreek Financial presently has a consensus rating of “Hold” and a consensus price target of C$6.62.

Timbercreek Financial Stock Performance

Shares of TF stock opened at C$6.05 on Thursday. The firm’s 50 day moving average price is C$6.48 and its 200-day moving average price is C$6.72. The company has a debt-to-equity ratio of 232.22, a quick ratio of 145.00 and a current ratio of 4.01. Timbercreek Financial has a one year low of C$6.03 and a one year high of C$7.98. The firm has a market cap of C$500.66 million, a P/E ratio of 16.35 and a beta of 0.82.

Timbercreek Financial (TSE:TF) last posted its earnings results on Wednesday, July 29th. The company reported C$0.18 earnings per share for the quarter. The firm had revenue of C$34.86 million during the quarter. Timbercreek Financial had a net margin of 17.14% and a return on equity of 3.85%. As a group, equities research analysts predict that Timbercreek Financial will post 0.7300725 EPS for the current year.

Timbercreek Financial Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were paid a $0.0575 dividend. This represents a c) annualized dividend and a dividend yield of 11.4%. The ex-dividend date was Friday, May 29th. Timbercreek Financial’s dividend payout ratio (DPR) is presently 186.49%.

Timbercreek Financial Company Profile

Timbercreek Financial Corp is a Canada-based non-banking commercial real estate lender. The company provides shorter-duration, customized financing solutions to professional real estate investors. It invests directly in a diversified portfolio of structured mortgage loans primarily secured by stabilized, income-producing commercial real estates, such as multi-residential, office and retail buildings located in urban markets across Canada. The company’s strategy is to preserve investor capital by lending mainly against income producing real estate, mitigate concentration risk by diversifying geographically by asset type and borrower and ensure loan to value ratios.