Timbercreek Financial (TSE:TF) Stock Price Passes Below 50 Day Moving Average – Here’s Why

Shares of Timbercreek Financial Corp. (TSE:TF) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$6.81 and traded as low as C$6.52. Timbercreek Financial shares last traded at C$6.56, with a volume of 148,422 shares.

Wall Street Analyst Weigh In

Separately, TD Securities reduced their target price on shares of Timbercreek Financial from C$8.00 to C$7.00 and set a “hold” rating on the stock in a research report on Monday, March 3rd.

Timbercreek Financial Price Performance

The stock’s 50-day moving average price is C$6.79 and its 200-day moving average price is C$7.39. The company has a market capitalization of C$547.11 million, a price-to-earnings ratio of 9.31 and a beta of 1.23. The company has a quick ratio of 145.00, a current ratio of 1.53 and a debt-to-equity ratio of 122.88.

Timbercreek Financial Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were given a dividend of $0.0575 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 10.41%. Timbercreek Financial’s payout ratio is 96.90%.

About Timbercreek Financial

Timbercreek Financial Corp. provides shorter-duration structured financing solutions to commercial real estate investors in Canada. It focuses on lending against income-producing real estate properties, such as multi-residential, office, and retail buildings in urban markets. The company was founded in 2016 and is headquartered in Toronto, Canada.