Timbercreek Financial (TSE:TF) Stock Crosses Below Fifty Day Moving Average – Here’s What Happened

Timbercreek Financial Corp. (TSE:TF) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$6.70 and traded as low as C$6.38. Timbercreek Financial shares last traded at C$6.39, with a volume of 297,545 shares trading hands.

Analysts Set New Price Targets

Several research firms have recently commented on TF. National Bank Financial lowered their target price on Timbercreek Financial from C$8.25 to C$8.00 and set a “sector perform” rating for the company in a research note on Thursday, February 26th. Canaccord Genuity Group cut Timbercreek Financial from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$7.75 to C$7.30 in a research note on Friday, February 27th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$7.77.

Timbercreek Financial Trading Down 0.3%

The company has a debt-to-equity ratio of 214.06, a current ratio of 0.20 and a quick ratio of 145.00. The stock has a market capitalization of C$528.79 million, a price-to-earnings ratio of 17.27 and a beta of 0.85. The business has a 50 day simple moving average of C$6.70 and a 200-day simple moving average of C$6.84.

Timbercreek Financial (TSE:TF) last posted its earnings results on Tuesday, May 5th. The company reported C$0.17 earnings per share (EPS) for the quarter. Timbercreek Financial had a return on equity of 4.48% and a net margin of 20.62%.The firm had revenue of C$44.06 million during the quarter. As a group, equities analysts expect that Timbercreek Financial Corp. will post 0.7300725 earnings per share for the current year.

Timbercreek Financial Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were given a dividend of $0.0575 per share. This represents a c) annualized dividend and a dividend yield of 10.8%. The ex-dividend date of this dividend was Thursday, April 30th. Timbercreek Financial’s dividend payout ratio is currently 186.49%.

Timbercreek Financial Company Profile

Timbercreek Financial Corp is a Canada-based non-banking commercial real estate lender. The company provides shorter-duration, customized financing solutions to professional real estate investors. It invests directly in a diversified portfolio of structured mortgage loans primarily secured by stabilized, income-producing commercial real estates, such as multi-residential, office and retail buildings located in urban markets across Canada. The company’s strategy is to preserve investor capital by lending mainly against income producing real estate, mitigate concentration risk by diversifying geographically by asset type and borrower and ensure loan to value ratios.