Timbercreek Financial (TSE:TF) Hits New 52-Week Low – Time to Sell?

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

Wall Street Analyst Weigh In

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

Timbercreek Financial Price Performance

The company has a market cap of C$508.33 million, a PE ratio of 8.65 and a beta of 1.23. The company has a 50-day moving average price of C$6.69 and a two-hundred day moving average price of C$7.29. The company has a debt-to-equity ratio of 122.88, a current ratio of 1.53 and a quick ratio of 145.00.

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 11.20%. The ex-dividend date of this dividend was Friday, February 28th. Timbercreek Financial’s dividend payout ratio is currently 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.