Timbercreek Financial (TSE:TF) Hits New 1-Year Low – Here’s Why

Timbercreek Financial Corp. (TSE:TFGet Free Report)’s stock price hit a new 52-week low on Thursday . The stock traded as low as C$6.07 and last traded at C$6.08, with a volume of 221440 shares trading hands. The stock had previously closed at C$6.23.

Timbercreek Financial Stock Down 0.8%

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 company has a market cap of C$511.41 million, a PE ratio of 16.70 and a beta of 0.82. The business’s 50 day moving average is C$6.49 and its 200-day moving average is C$6.73.

Timbercreek Financial (TSE:TFGet Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported C$0.18 EPS for the quarter. Timbercreek Financial had a net margin of 20.62% and a return on equity of 4.48%. The company had revenue of C$34.86 million for the quarter. As a group, analysts predict that Timbercreek Financial Corp. will post 0.7300725 EPS for the current year.

Timbercreek Financial Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were issued a $0.0575 dividend. This represents a c) annualized dividend and a yield of 11.2%. The ex-dividend date of this dividend was Friday, May 29th. Timbercreek Financial’s dividend payout ratio is 186.49%.

Timbercreek Financial Company Profile

(Get Free Report)

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.

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