Timbercreek Financial (TSE:TF) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Timbercreek Financial Corp. (TSE:TF) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$6.50 and traded as low as C$6.22. Timbercreek Financial shares last traded at C$6.28, with a volume of 143,876 shares changing hands.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Canaccord Genuity Group cut their target price on shares of Timbercreek Financial from C$6.75 to C$6.25 and set a “hold” rating on the stock in a research note on Thursday. National Bank Financial decreased their price target on Timbercreek Financial from C$7.00 to C$6.50 and set a “sector perform” rating for the company in a report on Thursday. Finally, Raymond James Financial decreased their price objective on shares of Timbercreek Financial from C$7.50 to C$7.25 and set an “outperform” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$7.00.

Timbercreek Financial Price Performance

The firm has a market cap of C$514.72 million, a P/E ratio of 16.81 and a beta of 0.82. The company has a current ratio of 0.20, a quick ratio of 145.00 and a debt-to-equity ratio of 214.06. The business’s fifty day simple moving average is C$6.49 and its 200-day simple moving average is C$6.73.

Timbercreek Financial (TSE:TF) last released its quarterly earnings data on Wednesday, July 29th. The company reported C$0.18 earnings per share (EPS) for the quarter. Timbercreek Financial had a return on equity of 4.48% and a net margin of 20.62%.The company had revenue of C$34.86 million for the quarter. As a group, analysts forecast that Timbercreek Financial Corp. will post 0.7300725 EPS for the current fiscal year.

Timbercreek Financial Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were paid a dividend of $0.0575 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a c) annualized dividend and a yield of 11.1%. Timbercreek Financial’s dividend payout ratio (DPR) 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.