Timbercreek Financial (TSE:TF) Sets New 1-Year Low – Here’s Why

Timbercreek Financial Corp. (TSE:TF)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$6.28 and last traded at C$6.30, with a volume of 63854 shares traded. The stock had previously closed at C$6.39.

Timbercreek Financial Price Performance

The firm has a market cap of C$512.24 million, a PE ratio of 16.73 and a beta of 0.82. The company has a debt-to-equity ratio of 214.06, a current ratio of 0.20 and a quick ratio of 145.00. The stock’s fifty day moving average price is C$6.53 and its 200-day moving average price is C$6.78.

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

Timbercreek Financial Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were given a dividend of $0.0575 per share. The ex-dividend date was Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 11.1%. Timbercreek Financial’s dividend payout ratio (DPR) is currently 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.