Timbercreek Financial (TSE:TF) Shares Pass Below 50 Day Moving Average – Should You Sell?

Timbercreek Financial Corp. (TSE:TF)’s stock price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$6.65 and traded as low as C$6.56. Timbercreek Financial shares last traded at C$6.61, with a volume of 102,883 shares trading hands.

Analysts Set New Price Targets

TF has been the topic of a number of recent research reports. National Bank Financial reduced their price objective on Timbercreek Financial from C$8.25 to C$8.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 26th. Canaccord Genuity Group cut Timbercreek Financial from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$7.75 to C$7.30 in a research note on Friday, February 27th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$7.77.

Timbercreek Financial Stock Up 0.6%

The company has a debt-to-equity ratio of 214.06, a current ratio of 0.20 and a quick ratio of 145.00. The company has a market capitalization of C$547.00 million, a P/E ratio of 17.86 and a beta of 0.83. The company has a 50 day moving average of C$6.65 and a 200-day moving average of C$6.82.

Timbercreek Financial (TSE:TF) last posted its earnings results on Tuesday, May 5th. The company reported C$0.17 earnings per share (EPS) for the quarter. The company had revenue of C$44.06 million for the quarter. Timbercreek Financial had a return on equity of 4.48% and a net margin of 20.62%. As a group, equities analysts anticipate that Timbercreek Financial Corp. will post 0.7300725 EPS for the current year.

Timbercreek Financial Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were paid a $0.0575 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 10.4%. Timbercreek Financial’s dividend payout ratio (DPR) is presently 186.49%.

Timbercreek Financial Company Profile

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.