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Analysts at Raymond James started coverage on shares of Timbercreek Mortgage Investment (TSE:TMC) in a research report issued to clients and investors on Thursday. The firm set an “outperform” rating and a C$10.00 price target on the stock. Raymond James’ target price would indicate a potential upside of 4.82% from the company’s current price.

Shares of Timbercreek Mortgage Investment (TSE:TMC) traded down 0.31% during mid-day trading on Thursday, hitting $9.51. 13,491 shares of the company’s stock traded hands. Timbercreek Mortgage Investment has a 52-week low of $8.64 and a 52-week high of $9.86. The stock’s 50-day moving average is $9.46 and its 200-day moving average is $9.33. The company has a price-to-earnings ratio of 12.43.

Timbercreek Mortgage Investment (TSE:TMC) last released its earnings data on Thursday, May 8th. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.21 by $0.04.

The company also recently declared a jun 14 dividend, which is scheduled for Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.067 per share.

Timbercreek Mortgage Investment Corporation (TSE:TMC) provides investors with the opportunity to invest indirectly in a diversified portfolio of high quality conventional mortgage loans secured primarily by income-producing real estate located in large urban markets (offices, commercial real estate, multi-residential, retirement communities).

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