Timbercreek Financial (TSE:TF) Shares Pass Below 50-Day Moving Average - What's Next?

Key Points

• Timbercreek Financial shares fell below their 50-day moving average, trading as low as C$6.07 and closing at C$6.11, below the C$6.36 average.
• Analysts have generally become less bullish, cutting price targets; the stock carries a consensus “Hold” rating and a C$6.62 target price.
• The company reported quarterly EPS of C$0.18 on C$45.12 million in revenue and maintains a high-yield monthly dividend of C$0.0575 per share, equivalent to an approximately 11.3% annualized yield.

Shares of Timbercreek Financial Corp. (TSE:TF - Get Free Report) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$6.36 and traded as low as C$6.07. Timbercreek Financial shares last traded at C$6.11, with a volume of 185,628 shares.

Wall Street Analyst Weigh In

TF has been the subject of a number of research reports. Canaccord Genuity Group cut their price objective on Timbercreek Financial from C$6.75 to C$6.25 and set a "hold" rating for the company in a report on Thursday, July 30th. TD dropped their target price on Timbercreek Financial from C$7.00 to C$6.50 and set a "hold" rating for the company in a research report on Friday, July 31st. National Bank Financial dropped their target price on Timbercreek Financial from C$7.00 to C$6.50 and set a "sector perform" rating for the company in a research report on Thursday, July 30th. Finally, Raymond James Financial cut their target price on Timbercreek Financial from C$7.50 to C$7.25 and set an "outperform" rating for the company in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of C$6.62.

Timbercreek Financial Price Performance

The company has a debt-to-equity ratio of 232.22, a current ratio of 1.84 and a quick ratio of 145.00. The firm has a market capitalization of C$505.62 million, a P/E ratio of 19.71 and a beta of 0.81. The firm's 50 day simple moving average is C$6.36 and its two-hundred day simple moving average is C$6.63.

Timbercreek Financial (TSE:TF - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported C$0.18 earnings per share (EPS) for the quarter. The firm had revenue of C$45.12 million for the quarter. Timbercreek Financial had a return on equity of 3.85% and a net margin of 17.14%. As a group, analysts predict that Timbercreek Financial Corp. will post 0.7300725 earnings per share for the current year.

Timbercreek Financial Announces Dividend

The business also recently declared 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) annualized dividend and a yield of 11.3%. The ex-dividend date was Friday, May 29th. Timbercreek Financial's dividend payout ratio (DPR) is presently 222.58%.

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.

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