Raymond James Financial lowered shares of Timbercreek Financial (TSE:TF) from an outperform rating to a market perform rating in a research report sent to investors on Monday. Raymond James Financial also issued estimates for Timbercreek Financial’s FY2019 earnings at $0.79 EPS.
Separately, National Bank Financial upped their target price on Timbercreek Financial from C$10.00 to C$10.25 and gave the company an outperform rating in a research report on Thursday, November 9th.
Timbercreek Financial (TSE:TF) opened at C$9.60 on Monday. Timbercreek Financial has a 12-month low of C$8.70 and a 12-month high of C$9.75. The company has a market capitalization of $707.51 and a P/E ratio of 13.71.
The company also recently announced a monthly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be given a $0.058 dividend. This is an increase from Timbercreek Financial’s previous monthly dividend of $0.06. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.70 annualized dividend and a dividend yield of 7.25%. Timbercreek Financial’s dividend payout ratio is presently 24.43%.
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