Timbercreek Financial (TSE:TF) Stock Crosses Below 50 Day Moving Average - Time to Sell?

Key Points

• Timbercreek Financial shares fell below their 50-day moving average, trading as low as C$6.10 and last changing hands at C$6.14, compared with a 50-day average of C$6.41.
• Analysts recently lowered their price targets, ranging from C$6.25 to C$7.25. The consensus rating is “Hold”, with an average target of C$6.62.
• The company declared a monthly dividend of C$0.0575 per share, representing an annualized yield of about 11.2%; however, its dividend payout ratio is high at 222.58%.

Timbercreek Financial Corp. (TSE:TF - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$6.41 and traded as low as C$6.10. Timbercreek Financial shares last traded at C$6.14, with a volume of 99,620 shares changing hands.

Analysts Set New Price Targets

A number of research firms have recently commented on TF. Canaccord Genuity Group reduced their price objective on shares of Timbercreek Financial from C$6.75 to C$6.25 and set a "hold" rating on the stock in a research note on Thursday, July 30th. Raymond James Financial dropped their target price on shares of Timbercreek Financial from C$7.50 to C$7.25 and set an "outperform" rating on the stock in a report on Thursday, July 30th. TD cut their price target on shares of Timbercreek Financial from C$7.00 to C$6.50 and set a "hold" rating on the stock in a research report on Friday, July 31st. Finally, National Bank Financial decreased their price target on Timbercreek Financial from C$7.00 to C$6.50 and set a "sector perform" rating for the company in a report on Thursday, July 30th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target 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 business's fifty day moving average price is C$6.41 and its 200-day moving average price is C$6.67. The stock has a market capitalization of C$508.10 million, a price-to-earnings ratio of 19.81 and a beta of 0.81.

Timbercreek Financial (TSE:TF - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported C$0.18 EPS for the quarter. The business had revenue of C$45.12 million during the quarter. Timbercreek Financial had a return on equity of 3.85% and a net margin of 17.14%. On average, research analysts forecast that Timbercreek Financial Corp. will post 0.7300725 EPS for the current year.

Timbercreek Financial Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were given a dividend of $0.0575 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date of this dividend was Friday, May 29th. Timbercreek Financial's dividend payout ratio is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source