Timbercreek Financial (TSE:TF) Stock Price Crosses Below 50-Day Moving Average of $7.37

Timbercreek Financial Corp. (TSE:TFGet Free Report)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$7.37 and traded as low as C$7.16. Timbercreek Financial shares last traded at C$7.25, with a volume of 146,880 shares traded.

Wall Street Analyst Weigh In

TF has been the topic of several recent research reports. National Bankshares upped their price objective on shares of Timbercreek Financial from C$7.00 to C$7.50 and gave the company a “sector perform” rating in a report on Wednesday, February 28th. Raymond James set a C$8.40 price target on shares of Timbercreek Financial and gave the company an “outperform” rating in a report on Monday, May 6th. Fundamental Research set a C$9.90 price target on Timbercreek Financial and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Finally, TD Securities lowered their target price on Timbercreek Financial from C$8.00 to C$7.50 and set a “hold” rating on the stock in a research note on Thursday, May 30th.

View Our Latest Analysis on Timbercreek Financial

Timbercreek Financial Trading Up 0.4 %

The company has a 50 day simple moving average of C$7.37 and a 200 day simple moving average of C$7.19. The company has a market capitalization of C$601.82 million, a PE ratio of 9.80 and a beta of 1.24. The company has a debt-to-equity ratio of 134.84, a quick ratio of 145.00 and a current ratio of 110.86.

Timbercreek Financial (TSE:TFGet Free Report) last released its quarterly earnings data on Monday, May 6th. The company reported C$0.17 EPS for the quarter, missing analysts’ consensus estimates of C$0.19 by C($0.02). The business had revenue of C$24.93 million during the quarter, compared to analyst estimates of C$26.23 million. Timbercreek Financial had a net margin of 72.79% and a return on equity of 8.97%. Analysts anticipate that Timbercreek Financial Corp. will post 0.7258727 earnings per share for the current year.

Timbercreek Financial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a $0.058 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.70 annualized dividend and a yield of 9.60%. Timbercreek Financial’s payout ratio is 93.24%.

About Timbercreek Financial

(Get Free Report)

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.

Further Reading

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