Timbercreek Financial (TSE:TF) Reaches New 12-Month Low – What’s Next?

Timbercreek Financial Corp. (TSE:TF)’s share price reached a new 52-week low during trading on Monday . The company traded as low as C$6.83 and last traded at C$6.85, with a volume of 131123 shares traded. The stock had previously closed at C$6.94.

Analyst Ratings Changes

Separately, National Bankshares boosted their price objective on Timbercreek Financial from C$8.00 to C$8.50 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th.

Timbercreek Financial Stock Up 2.5 %

The company’s 50 day simple moving average is C$7.36 and its 200-day simple moving average is C$7.66. The company has a debt-to-equity ratio of 132.31, a quick ratio of 145.00 and a current ratio of 7.36. The firm has a market capitalization of C$580.24 million, a PE ratio of 9.58 and a beta of 1.23.

Timbercreek Financial (TSE:TF) last issued its quarterly earnings data on Wednesday, October 30th. The company reported C$0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.17. The company had revenue of C$25.41 million for the quarter, compared to the consensus estimate of C$28.54 million. Timbercreek Financial had a return on equity of 8.73% and a net margin of 70.41%. On average, analysts forecast that Timbercreek Financial Corp. will post 0.7300725 EPS for the current fiscal year.

Timbercreek Financial Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a dividend of $0.058 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 9.96%. Timbercreek Financial’s dividend payout ratio (DPR) is presently 94.52%.

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.