Timbercreek Financial (TSE:TF) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Timbercreek Financial Corp. (TSE:TF)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$6.41 and traded as low as C$6.10. Timbercreek Financial shares last traded at C$6.14, with a volume of 99,620 shares trading hands.

Analysts Set New Price Targets

TF has been the subject of a number of research analyst reports. Raymond James Financial dropped their price objective on shares of Timbercreek Financial from C$7.50 to C$7.25 and set an “outperform” rating for the company in a report on Thursday, July 30th. National Bank Financial cut their target price on shares of Timbercreek Financial from C$7.00 to C$6.50 and set a “sector perform” rating on the stock in a report on Thursday, July 30th. Canaccord Genuity Group cut their target price on 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. Finally, TD cut their price target on shares of Timbercreek Financial from C$7.00 to C$6.50 and set a “hold” rating on the stock in a report on Friday, July 31st. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$6.62.

Timbercreek Financial Stock Up 0.5%

The company has a fifty day simple moving average of C$6.39 and a 200 day simple moving average of C$6.66. The firm has a market capitalization of C$517.21 million, a P/E ratio of 20.16 and a beta of 0.81. The company has a quick ratio of 145.00, a current ratio of 1.84 and a debt-to-equity ratio of 232.22.

Timbercreek Financial (TSE:TF) last released its quarterly earnings data on Wednesday, July 29th. The company reported C$0.18 earnings per share for the quarter. Timbercreek Financial had a net margin of 17.14% and a return on equity of 3.85%. The business had revenue of C$45.12 million during the quarter. On average, equities analysts expect 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 was paid on Monday, June 15th. Investors of record on Monday, June 15th were given a dividend of $0.0575 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 11.0%. Timbercreek Financial’s dividend payout ratio (DPR) is 222.58%.

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.