Timbercreek Financial (TSE:TF) Shares Cross Below Fifty Day Moving Average – Should You Sell?

Timbercreek Financial Corp. (TSE:TF)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$7.14 and traded as low as C$6.57. Timbercreek Financial shares last traded at C$6.69, with a volume of 155,082 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Canaccord Genuity Group decreased their target price on shares of Timbercreek Financial from C$8.50 to C$7.75 in a research report on Friday, October 31st. TD Securities increased their price objective on Timbercreek Financial from C$7.50 to C$8.00 and gave the stock a “hold” rating in a report on Thursday, July 31st. Finally, National Bankshares raised their target price on Timbercreek Financial from C$8.00 to C$8.25 and gave the company a “sector perform” rating in a research report on Tuesday, July 29th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$8.00.

Timbercreek Financial Trading Up 1.2%

The company has a debt-to-equity ratio of 122.88, a quick ratio of 145.00 and a current ratio of 1.53. The company has a market capitalization of C$553.62 million, a price-to-earnings ratio of 14.54 and a beta of 1.12. The business’s 50 day moving average price is C$7.14 and its two-hundred day moving average price is C$7.41.

Timbercreek Financial (TSE:TF) last announced its earnings results on Wednesday, October 29th. The company reported C$0.10 EPS for the quarter. The firm had revenue of C$18.02 million for the quarter. Timbercreek Financial had a return on equity of 8.41% and a net margin of 34.73%. Equities analysts forecast that Timbercreek Financial Corp. will post 0.7300725 earnings per share for the current fiscal year.

Timbercreek Financial Dividend Announcement

The company also recently announced a sep 25 dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 29th were paid a dividend of $0.0575 per share. Timbercreek Financial’s dividend payout ratio is currently 150.00%.

About Timbercreek Financial

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.