Timbercreek Financial (TSE:TF) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

Shares of Timbercreek Financial Corp. (TSE:TF) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$6.75 and traded as low as C$6.61. Timbercreek Financial shares last traded at C$6.63, with a volume of 284,968 shares changing hands.

Analysts Set New Price Targets

TF has been the subject of several recent research reports. Canaccord Genuity Group cut Timbercreek Financial from a “buy” rating to a “hold” rating and reduced their price target for the company from C$7.75 to C$7.30 in a research report on Friday, February 27th. National Bank Financial reduced their price target 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 analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$7.77.

Timbercreek Financial Price Performance

The firm has a market capitalization of C$548.65 million, a PE ratio of 17.92 and a beta of 0.85. The stock has a 50-day moving average price of C$6.75 and a 200 day moving average price of C$6.88. The company has a quick ratio of 145.00, a current ratio of 0.20 and a debt-to-equity ratio of 214.06.

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

Timbercreek Financial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 15th will be given a $0.0575 dividend. The ex-dividend date is Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 10.4%. Timbercreek Financial’s payout ratio is 186.49%.

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. 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.