Timbercreek Financial (TSE:TF) Sets New 12-Month Low – Here’s Why

Timbercreek Financial Corp. (TSE:TF) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$6.03 and last traded at C$6.20, with a volume of 361882 shares traded. The stock had previously closed at C$6.05.

Wall Street Analysts Forecast Growth

TF has been the subject of several analyst reports. Raymond James Financial decreased their target price on Timbercreek Financial from C$7.50 to C$7.25 and set an “outperform” rating for the company in a research report on Thursday, July 30th. Canaccord Genuity Group cut their price target on shares of Timbercreek Financial from C$6.75 to C$6.25 and set a “hold” rating on the stock in a research report on Thursday, July 30th. TD reduced their price objective on shares of Timbercreek Financial from C$7.00 to C$6.50 and set a “hold” rating on the stock in a research note on Friday, July 31st. Finally, National Bank Financial decreased their price objective on shares of 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 analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$6.62.

Timbercreek Financial Stock Performance

The company has a debt-to-equity ratio of 232.22, a quick ratio of 145.00 and a current ratio of 4.01. The stock’s 50-day moving average is C$6.46 and its 200 day moving average is C$6.71. The firm has a market cap of C$513.07 million, a P/E ratio of 20.00 and a beta of 0.82.

Timbercreek Financial (TSE:TF) last issued its quarterly earnings data on Wednesday, July 29th. The company reported C$0.18 EPS for the quarter. The business had revenue of C$34.86 million for the quarter. Timbercreek Financial had a return on equity of 3.85% and a net margin of 17.14%. On average, research analysts predict that Timbercreek Financial Corp. will post 0.7300725 earnings per share for the current year.

Timbercreek Financial Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were issued a $0.0575 dividend. This represents a c) annualized dividend and a dividend yield of 11.1%. The ex-dividend date was Friday, May 29th. Timbercreek Financial’s dividend payout ratio is 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.