Timbercreek Financial Corp. (TSE:TF - Get Free Report)'s stock price hit a new 52-week low 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.
Analyst Upgrades and Downgrades
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 on the stock in a research note on Monday, March 3rd.
View Our Latest Stock Analysis on TF
Timbercreek Financial Stock Performance
The business's 50-day moving average price is C$6.89 and its 200-day moving average price is C$7.46. The stock has a market cap of C$529.78 million, a P/E ratio of 9.02 and a beta of 1.23. The company has a debt-to-equity ratio of 122.88, a quick ratio of 145.00 and a current ratio of 1.53.
Timbercreek Financial Cuts Dividend
The company 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. The ex-dividend date is Friday, February 28th. This represents a $0.69 annualized dividend and a dividend yield of 10.75%. Timbercreek Financial's payout ratio is 96.90%.
About Timbercreek Financial
(
Get Free Report)
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.
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