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

Shares of 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 traded.

Analysts Set New Price Targets

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

Timbercreek Financial Stock Down 0.3%

The firm has a market cap of C$528.79 million, a P/E ratio of 17.27 and a beta of 0.85. The company has a quick ratio of 145.00, a current ratio of 0.20 and a debt-to-equity ratio of 214.06. The firm has a fifty day moving average of C$6.70 and a 200-day moving average of C$6.84.

Timbercreek Financial (TSE:TF) last released 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 business had revenue of C$44.06 million for the quarter. On average, equities research analysts anticipate that Timbercreek Financial Corp. will post 0.7300725 earnings per share for the current year.

Timbercreek Financial Announces Dividend

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