Timbercreek Financial (TSE:TF) Stock Crosses Below 50-Day Moving Average – Should You Sell?

Shares of Timbercreek Financial Corp. (TSE:TF) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$6.75 and traded as low as C$6.61. Timbercreek Financial shares last traded at C$6.63, with a volume of 284,968 shares traded.

Wall Street Analysts Forecast Growth

TF has been the subject of several research analyst reports. Canaccord Genuity Group downgraded Timbercreek Financial from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$7.75 to C$7.30 in a research note on Friday, February 27th. National Bank Financial reduced their target price on Timbercreek Financial from C$8.25 to C$8.00 and set a “sector perform” rating for the company in a research note on Thursday, February 26th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$7.77.

Timbercreek Financial Trading Down 0.5%

The company has a 50 day moving average of C$6.75 and a 200 day moving average of C$6.88. The company has a debt-to-equity ratio of 214.06, a quick ratio of 145.00 and a current ratio of 0.20. The stock has a market capitalization of C$548.65 million, a price-to-earnings ratio of 17.92 and a beta of 0.85.

Timbercreek Financial (TSE:TF) last posted its quarterly earnings data on Tuesday, May 5th. The company reported C$0.17 EPS for the quarter. Timbercreek Financial had a return on equity of 4.48% and a net margin of 20.62%.The firm had revenue of C$44.06 million during the quarter. On average, research analysts predict that Timbercreek Financial Corp. will post 0.7300725 EPS for the current fiscal year.

Timbercreek Financial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 15th will be paid a $0.0575 dividend. This represents a c) annualized dividend and a yield of 10.4%. The ex-dividend date of this dividend is Thursday, April 30th. Timbercreek Financial’s dividend payout ratio is currently 186.49%.

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.