Timbercreek Senior Mortgage (MTG) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS
Timbercreek Senior Mortgage (TSE:MTG) announced its earnings results on Thursday. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.01, Analyst RN reports.
On the ratings front, analysts at Raymond James initiated coverage on shares of Timbercreek Senior Mortgage in a research note on Thursday, July 10th. They set an “outperform” rating and a C$10.00 price target on the stock.
Shares of Timbercreek Senior Mortgage (TSE:MTG) opened at 9.34 on Thursday. Timbercreek Senior Mortgage has a 52-week low of $8.19 and a 52-week high of $9.45. The stock’s 50-day moving average is $9.11 and its 200-day moving average is $8.78.
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 $0.05 per share.
Timbercreek Senior Mortgage Investment Corporation intends to operate as a closed-end mortgage investment corporation and to invest and reinvest its assets in Customized First Mortgages.
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