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

Shares of Timbercreek Financial Corp. (TSE:TF) reached a new 52-week low during trading on Tuesday . The company traded as low as C$6.46 and last traded at C$6.46, with a volume of 41670 shares traded. The stock had previously closed at C$6.52.

Analysts Set New Price Targets

Separately, TD Securities decreased their price target on shares of Timbercreek Financial from C$8.00 to C$7.00 and set a “hold” rating on the stock in a research note on Monday, March 3rd.

Timbercreek Financial Price Performance

The firm has a market capitalization of C$535.56 million, a price-to-earnings ratio of 9.11 and a beta of 1.23. The stock’s 50-day moving average price is C$6.87 and its 200 day moving average price is C$7.44. The company has a quick ratio of 145.00, a current ratio of 1.53 and a debt-to-equity ratio of 122.88.

Timbercreek Financial Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, March 14th will be paid a $0.0575 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 10.63%. The ex-dividend date of this dividend is Friday, February 28th. Timbercreek Financial’s dividend payout ratio (DPR) is 96.90%.

Timbercreek Financial Company Profile

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.