Timbercreek Financial (TSE:TF) Sets New 12-Month Low After Analyst Downgrade

Timbercreek Financial Corp. (TSE:TF)’s share price hit a new 52-week low during mid-day trading on Tuesday after TD Securities lowered their price target on the stock from C$8.00 to C$7.00. TD Securities currently has a hold rating on the stock. Timbercreek Financial traded as low as C$6.48 and last traded at C$6.48, with a volume of 110005 shares changing hands. The stock had previously closed at C$6.62.

Timbercreek Financial Stock Down 2.0 %

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 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 firm has a fifty day moving average price of C$6.94 and a 200 day moving average price of C$7.50.

Timbercreek Financial Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, March 14th will be given a dividend of $0.0575 per share. This represents a $0.69 annualized dividend and a dividend yield of 10.63%. The ex-dividend date of this dividend is Friday, February 28th. Timbercreek Financial’s dividend payout ratio 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.