Timbercreek Financial (TSE:TF) Shares Pass Below 50-Day Moving Average – What’s Next?

Timbercreek Financial Corp. (TSE:TF) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$6.36 and traded as low as C$6.07. Timbercreek Financial shares last traded at C$6.11, with a volume of 185,628 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TF shares. National Bank Financial lowered their price target on shares of Timbercreek Financial from C$7.00 to C$6.50 and set a “sector perform” rating for the company in a report on Thursday, July 30th. 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. Canaccord Genuity Group decreased 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 report on Thursday, July 30th. Finally, Raymond James Financial lowered 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 research note on Thursday, July 30th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Timbercreek Financial has an average rating of “Hold” and an average price target of C$6.62.

Timbercreek Financial Price Performance

The company has a debt-to-equity ratio of 232.22, a current ratio of 1.84 and a quick ratio of 145.00. The firm has a market cap of C$505.62 million, a P/E ratio of 19.71 and a beta of 0.81. The firm’s 50 day moving average is C$6.36 and its 200 day moving average is C$6.63.

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

Timbercreek Financial Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were given a $0.0575 dividend. This represents a c) annualized dividend and a dividend yield of 11.3%. The ex-dividend date of this dividend was Friday, May 29th. Timbercreek Financial’s payout ratio is currently 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.