Timbercreek Financial (TSE:TF) Hits New 1-Year Low – What’s Next?

Timbercreek Financial Corp. (TSE:TF) hit a new 52-week low on Thursday . The company traded as low as C$6.33 and last traded at C$6.37, with a volume of 113625 shares trading hands. The stock had previously closed at C$6.48.

Wall Street Analysts Forecast Growth

Separately, TD Securities cut their price target on shares of Timbercreek Financial from C$8.00 to C$7.00 and set a “hold” rating on the stock in a research note on Monday, March 3rd.

Timbercreek Financial Stock Down 0.5 %

The firm’s 50 day simple moving average is C$6.72 and its 200-day simple moving average is C$7.30. The company has a debt-to-equity ratio of 122.88, a current ratio of 1.53 and a quick ratio of 145.00. The company has a market cap of C$532.26 million, a price-to-earnings ratio of 9.06 and a beta of 1.23.

Timbercreek Financial Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were issued a $0.0575 dividend. This represents a $0.69 annualized dividend and a dividend yield of 10.70%. The ex-dividend date was Friday, February 28th. Timbercreek Financial’s payout ratio is currently 96.90%.

Timbercreek Financial Company Profile

Timbercreek Financial Corp. provides shorter-duration structured financing solutions to commercial real estate investors in Canada. It focuses on lending against income-producing real estate properties, such as multi-residential, office, and retail buildings in urban markets. The company was founded in 2016 and is headquartered in Toronto, Canada.