Timbercreek Financial (TSE:TF) Price Target Lowered to C$7.00 at TD Securities

Timbercreek Financial (TSE:TF) had its price objective reduced by TD Securities from C$8.00 to C$7.00 in a research note published on Monday morning,BayStreet.CA reports. They currently have a hold rating on the stock.

Timbercreek Financial Trading Down 1.2 %

Shares of TSE TF opened at C$6.62 on Monday. The stock has a market capitalization of C$546.29 million, a P/E ratio of 9.30 and a beta of 1.23. Timbercreek Financial has a 1-year low of C$6.54 and a 1-year high of C$8.29. The business’s 50 day moving average is C$6.94 and its two-hundred day moving average is C$7.50. The company has a debt-to-equity ratio of 122.88, a current ratio of 1.53 and a quick ratio of 145.00.

Timbercreek Financial Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.0575 per share. This represents a $0.69 annualized dividend and a yield of 10.42%. The ex-dividend date of this dividend is Friday, February 28th. Timbercreek Financial’s payout ratio is 96.90%.

About Timbercreek Financial

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.