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

Shares of Timbercreek Financial Corp. (TSE:TF) hit a new 52-week low during trading on Thursday . The stock traded as low as C$6.07 and last traded at C$6.08, with a volume of 221440 shares changing hands. The stock had previously closed at C$6.23.

Timbercreek Financial Trading Down 0.8%

The company’s 50 day simple moving average is C$6.49 and its 200 day simple moving average is C$6.73. The firm has a market cap of C$511.41 million, a price-to-earnings ratio of 16.70 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.

Timbercreek Financial (TSE:TF) last posted its quarterly earnings data on Wednesday, July 29th. The company reported C$0.18 earnings per share for the quarter. The business had revenue of C$34.86 million for the quarter. Timbercreek Financial had a return on equity of 4.48% and a net margin of 20.62%. As a group, research analysts expect that Timbercreek Financial Corp. will post 0.7300725 earnings per share 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 $0.0575 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 11.2%. Timbercreek Financial’s dividend payout ratio (DPR) is currently 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.