Timbercreek Financial (TSE:TF) Trading Down 1.9% – Time to Sell?

Timbercreek Financial Corp. (TSE:TF) fell 1.9% during mid-day trading on Tuesday . The company traded as low as C$7.14 and last traded at C$7.15. 199,634 shares were traded during mid-day trading, an increase of 19% from the average session volume of 168,006 shares. The stock had previously closed at C$7.29.

Wall Street Analyst Weigh In

Separately, National Bankshares raised their price target on Timbercreek Financial from C$8.00 to C$8.50 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th.

Timbercreek Financial Stock Performance

The stock has a market capitalization of C$586.05 million, a PE ratio of 9.67 and a beta of 1.23. The company has a debt-to-equity ratio of 132.31, a quick ratio of 145.00 and a current ratio of 7.36. The firm’s 50 day moving average is C$7.41 and its two-hundred day moving average is C$7.67.

Timbercreek Financial (TSE:TF) last posted its quarterly earnings data on Wednesday, October 30th. The company reported C$0.17 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.17. The business had revenue of C$25.41 million for the quarter, compared to analyst estimates of C$28.54 million. Timbercreek Financial had a return on equity of 8.73% and a net margin of 70.41%. As a group, research analysts predict that Timbercreek Financial Corp. will post 0.7300725 earnings per share for the current year.

Timbercreek Financial Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a $0.058 dividend. This represents a $0.70 annualized dividend and a dividend yield of 9.86%. The ex-dividend date of this dividend was Thursday, October 31st. Timbercreek Financial’s payout ratio is presently 94.52%.

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.