Timbercreek Financial (TSE:TF) Reaches New 52-Week Low – What’s Next?

Timbercreek Financial Corp. (TSE:TF) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$6.00 and last traded at C$6.01, with a volume of 403482 shares. The stock had previously closed at C$6.10.

Analyst Ratings Changes

Several brokerages recently commented on TF. Raymond James Financial reduced their target price on Timbercreek Financial from C$7.50 to C$7.25 and set an “outperform” rating on the stock in a report on Thursday, July 30th. National Bank Financial dropped their price target on shares of Timbercreek Financial from C$7.00 to C$6.50 and set a “sector perform” rating on the stock in a research report on Thursday, July 30th. TD reduced their price objective on shares of Timbercreek Financial from C$7.00 to C$6.50 and set a “hold” rating on the stock in a research note on Friday, July 31st. Finally, Canaccord Genuity Group reduced their price objective on shares of Timbercreek Financial from C$6.75 to C$6.25 and set a “hold” rating on the stock in a research note on Thursday, July 30th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$6.62.

Timbercreek Financial Stock Performance

The firm has a market capitalization of C$497.35 million, a P/E ratio of 19.39 and a beta of 0.81. The stock has a fifty day simple moving average of C$6.32 and a two-hundred day simple moving average of C$6.60. The company has a debt-to-equity ratio of 232.22, a current ratio of 1.84 and a quick ratio of 145.00.

Timbercreek Financial (TSE:TF) last posted its quarterly earnings results on Wednesday, July 29th. The company reported C$0.18 earnings per share (EPS) for the quarter. The firm had revenue of C$45.12 million for the quarter. Timbercreek Financial had a return on equity of 3.85% and a net margin of 17.14%. On average, research analysts predict that Timbercreek Financial Corp. will post 0.7300725 EPS for the current year.

Timbercreek Financial Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were given a dividend of $0.0575 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date was Friday, May 29th. Timbercreek Financial’s payout ratio is presently 222.58%.

About Timbercreek Financial

Timbercreek Financial is a leading non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate professionals. Our sophisticated, service-oriented approach allows us to meet the needs of borrowers, including faster execution and more flexible terms that are not typically provided by Canadian financial institutions. By employing thorough underwriting, active management and strong governance, we are able to meet these needs while generating strong risk-adjusted yields for investors.