Timbercreek Mortgage Investment (TMC) Releases Quarterly Earnings Results
Timbercreek Mortgage Investment (TSE:TMC) issued its quarterly earnings data on Thursday. The company reported $0.17 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.18 by $0.01, AnalystRatingsNetwork.com reports.
Shares of Timbercreek Mortgage Investment (TSE:TMC) opened at 9.31 on Thursday. 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 $9.35 and its 200-day moving average is $9.36. The company has a price-to-earnings ratio of 12.10.
The company also recently declared a jul 14 dividend, which is scheduled for Friday, August 15th. Investors of record on Thursday, July 31st will be given a dividend of $0.06 per share. This represents a yield of 7.78%. The ex-dividend date of this dividend is Tuesday, July 29th.
On a related note, analysts at Raymond James initiated coverage on shares of Timbercreek Mortgage Investment in a research note on Thursday, July 10th. They set an “outperform” rating and a C$10.00 price target on the stock.
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).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.