Timbercreek Financial (TSE:TF) Shares Cross Below 50 Day Moving Average – Here’s Why

Timbercreek Financial Corp. (TSE:TF)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$6.65 and traded as low as C$6.56. Timbercreek Financial shares last traded at C$6.61, with a volume of 102,883 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TF shares. Canaccord Genuity Group cut Timbercreek Financial from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$7.75 to C$7.30 in a report on Friday, February 27th. National Bank Financial dropped their price objective on Timbercreek Financial from C$8.25 to C$8.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 26th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$7.77.

Timbercreek Financial Stock Performance

The firm has a market cap of C$547.82 million, a price-to-earnings ratio of 17.89 and a beta of 0.83. The stock’s 50 day moving average is C$6.64 and its 200 day moving average is C$6.82. The company has a current ratio of 0.20, a quick ratio of 145.00 and a debt-to-equity ratio of 214.06.

Timbercreek Financial (TSE:TF) last issued its quarterly earnings data on Tuesday, May 5th. The company reported C$0.17 earnings per share (EPS) for the quarter. Timbercreek Financial had a net margin of 20.62% and a return on equity of 4.48%. The firm had revenue of C$44.06 million during the quarter. Analysts anticipate that Timbercreek Financial Corp. will post 0.7300725 earnings per share for the current year.

Timbercreek Financial Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were issued a dividend of $0.0575 per share. This represents a c) annualized dividend and a yield of 10.4%. The ex-dividend date of this dividend was Friday, May 29th. 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.