Timbercreek Financial (TSE:TF) Stock Passes Below 50-Day Moving Average of $7.91

Timbercreek Financial Corp. (TSE:TF – Get Rating)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$7.91 and traded as low as C$7.45. Timbercreek Financial shares last traded at C$7.47, with a volume of 81,555 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TF shares. National Bankshares increased their price target on shares of Timbercreek Financial from C$8.25 to C$8.50 and gave the company a “sector perform” rating in a report on Thursday, February 23rd. Fundamental Research set a C$10.25 target price on shares of Timbercreek Financial and gave the stock a “buy” rating in a report on Tuesday, March 14th.

Timbercreek Financial Trading Down 0.3 %

The company has a debt-to-equity ratio of 172.04, a current ratio of 112.57 and a quick ratio of 145.00. The firm has a market cap of C$625.84 million, a price-to-earnings ratio of 10.38 and a beta of 1.11. The firm’s fifty day moving average is C$7.91 and its 200-day moving average is C$7.80.

Timbercreek Financial (TSE:TF – Get Rating) last posted its quarterly earnings results on Wednesday, February 22nd. The company reported C$0.17 earnings per share for the quarter, missing the consensus estimate of C$0.22 by C($0.05). The business had revenue of C$31.34 million for the quarter, compared to analysts’ expectations of C$33.77 million. Equities analysts anticipate that Timbercreek Financial Corp. will post 0.8037975 earnings per share for the current year.

Timbercreek Financial Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, May 15th. Stockholders of record on Friday, April 28th were given a dividend of $0.058 per share. This represents a $0.70 annualized dividend and a dividend yield of 9.32%. The ex-dividend date of this dividend was Thursday, April 27th. Timbercreek Financial’s payout ratio is presently 95.83%.

Timbercreek Financial Company Profile

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Timbercreek Financial Corp., a mortgage investment company, provides shorter-duration structured financing solutions to commercial real estate investors in Canada. It focuses on lending against income-producing commercial real estate properties, such as multi-residential, office, and retail buildings located in urban markets.