Shares of Timbercreek Financial Corp. (TSE:TF - Get Free Report) hit a new 52-week low during 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. The stock had previously closed at C$6.62.
Timbercreek Financial Stock Performance
The stock has a market cap of C$547.94 million, a P/E ratio of 9.33 and a beta of 1.23. The stock has a fifty day simple moving average of C$6.90 and a 200-day simple moving average of C$7.47. The company has a quick ratio of 145.00, a current ratio of 1.53 and a debt-to-equity ratio of 122.88.
Timbercreek Financial Cuts Dividend
The company also recently announced a monthly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, March 14th will be paid a $0.0575 dividend. This represents a $0.69 annualized dividend and a yield of 10.39%. The ex-dividend date is Friday, February 28th. Timbercreek Financial's payout ratio is presently 96.90%.
Timbercreek Financial Company Profile
(
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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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