Timbercreek Financial (TSE:TF) Shares Down 0.6% - Time to Sell?

Key Points

• Timbercreek Financial Corp. shares fell 0.6% to C$7.65, with trading volume down 39% compared to the average.
• Analyst ratings show a consensus of "Hold" with a price target of C$8.08, reflecting a mixed outlook for the stock.
• The company announced a monthly dividend of $0.0575, translating to an annualized yield of 9.0% and a payout ratio of 96.90%.

Timbercreek Financial Corp. (TSE:TF - Get Free Report) shares fell 0.6% on Monday . The stock traded as low as C$7.65 and last traded at C$7.65. 118,118 shares traded hands during trading, a decline of 39% from the average session volume of 192,375 shares. The stock had previously closed at C$7.70.

Analyst Ratings Changes

Several brokerages recently weighed in on TF. TD Securities upped their target price on shares of Timbercreek Financial from C$7.50 to C$8.00 and gave the stock a "hold" rating in a research note on Thursday, July 31st. National Bankshares upped their target price on shares of Timbercreek Financial from C$8.00 to C$8.25 and gave the stock a "sector perform" rating in a research note on Tuesday, July 29th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of C$8.08.

Timbercreek Financial Stock Performance

The stock's 50-day simple moving average is C$7.67 and its 200 day simple moving average is C$7.13. The company has a debt-to-equity ratio of 122.88, a quick ratio of 145.00 and a current ratio of 1.53. The company has a market capitalization of C$631.28 million, a PE ratio of 10.74 and a beta of 1.23.

Timbercreek Financial Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 15th were issued a $0.0575 dividend. The ex-dividend date was Monday, June 30th. This represents a c) annualized dividend and a dividend yield of 9.0%. Timbercreek Financial's dividend payout ratio is presently 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.

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