Timbercreek Financial (TSE:TF) Reaches New 1-Year Low – Here’s Why

Timbercreek Financial Corp. (TSE:TF) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$6.33 and last traded at C$6.37, with a volume of 113625 shares. The stock had previously closed at C$6.48.

Wall Street Analyst Weigh In

Separately, TD Securities reduced their price target on Timbercreek Financial from C$8.00 to C$7.00 and set a “hold” rating for the company in a report on Monday, March 3rd.

Timbercreek Financial Stock Performance

The company has a current ratio of 1.53, a quick ratio of 145.00 and a debt-to-equity ratio of 122.88. The stock has a market cap of C$532.26 million, a price-to-earnings ratio of 9.06 and a beta of 1.23. The firm’s 50-day moving average is C$6.72 and its two-hundred day moving average is C$7.30.

Timbercreek Financial Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were given a dividend of $0.0575 per share. This represents a $0.69 annualized dividend and a dividend yield of 10.70%. The ex-dividend date was Friday, February 28th. Timbercreek Financial’s payout ratio is 96.90%.

About Timbercreek Financial

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.