Timbercreek Financial (TSE:TF) Shares Pass Below 50 Day Moving Average – Should You Sell?

Timbercreek Financial Corp. (TSE:TF) shares crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty 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.

Analysts Set New Price Targets

Several analysts have commented on the stock. Canaccord Genuity Group lowered shares of Timbercreek Financial from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$7.75 to C$7.30 in a report on Friday, February 27th. National Bank Financial lowered their price objective on shares of Timbercreek Financial from C$8.25 to C$8.00 and set a “sector perform” rating for the company in a report on Thursday, February 26th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, Timbercreek Financial presently has a consensus rating of “Hold” and a consensus price target of C$7.77.

Timbercreek Financial Stock Up 0.6%

The company’s fifty day simple moving average is C$6.65 and its 200 day simple moving average is C$6.82. The firm has a market capitalization of C$547.00 million, a PE ratio of 17.86 and a beta of 0.83. 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 issued its quarterly earnings results on Tuesday, May 5th. The company reported C$0.17 EPS for the quarter. The firm 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%. Analysts anticipate that Timbercreek Financial Corp. will post 0.7300725 earnings per share for the current fiscal year.

Timbercreek Financial Announces Dividend

The business 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. This represents a c) dividend on an annualized basis 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 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.