Timbercreek Financial (TSE:TF) Share Price Crosses Below 50-Day Moving Average - Here's Why

Timbercreek Financial Corp. (TSE:TF - Get Free Report)'s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$6.58 and traded as low as C$6.48. Timbercreek Financial shares last traded at C$6.60, with a volume of 132,886 shares changing hands.

Wall Street Analyst Weigh In

Separately, TD Securities decreased their price objective on shares of Timbercreek Financial from C$8.00 to C$7.00 and set a "hold" rating for the company in a report on Monday, March 3rd.

Timbercreek Financial Stock Performance

The business has a fifty day moving average price of C$6.57 and a 200-day moving average price of C$7.14. The stock has a market capitalization of C$542.16 million, a P/E ratio of 9.23 and a beta of 1.23. The company has a quick ratio of 145.00, a current ratio of 1.53 and a debt-to-equity ratio of 122.88.

Timbercreek Financial Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were paid a dividend of $0.0575 per share. This represents a $0.69 annualized dividend and a yield of 10.50%. The ex-dividend date of this dividend was Friday, February 28th. Timbercreek Financial's dividend 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.