Timbercreek Financial (TSE:TF) Sets New 12-Month Low - Should You Sell?

Timbercreek Financial Corp. (TSE:TF - Get Free Report)'s stock price reached a new 52-week low during 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 trading hands. The stock had previously closed at C$6.48.

Analyst Ratings Changes

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

Timbercreek Financial Trading Up 2.1 %

The stock's fifty day simple moving average is C$6.67 and its 200-day simple moving average is C$7.26. The company has a debt-to-equity ratio of 122.88, a current ratio of 1.53 and a quick ratio of 145.00. The firm has a market cap of C$509.98 million, a PE ratio of 8.68 and a beta of 1.23.

Timbercreek Financial Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were given a dividend of $0.0575 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.69 dividend on an annualized basis and a yield of 11.17%. 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.