Timbercreek Financial (TSE:TF) Hits New 52-Week High at $7.89
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Timbercreek Financial (TSE:TF) reached a new 52-week high of C.89 during trading, up from a previous close of C.79, with a volume of 79,038 shares. Analysts have increased their price targets, with National Bankshares raising it to C.00 and Raymond James setting a target of C.40. Timbercreek also announced a monthly dividend of C.058, translating to an annualized yield of 8.90%. The company specializes in short-term financing solutions for commercial real estate in Canada, and holds a market cap of C.14 million with a debt-to-equity ratio of 132.31.
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