Timbercreek Financial (TSE:TF) Shares Pass Below Fifty Day Moving Average - Should You Sell?

Timbercreek Financial Corp. (TSE:TF - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$6.81 and traded as low as C$6.52. Timbercreek Financial shares last traded at C$6.56, with a volume of 148,422 shares.

Analysts Set New Price Targets

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

Timbercreek Financial Stock Down 0.6 %

The firm's fifty day moving average price is C$6.79 and its 200-day moving average price is C$7.38. The company has a market capitalization of C$543.81 million, a price-to-earnings ratio of 9.26 and a beta of 1.23. 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 business also recently disclosed a monthly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were issued a $0.0575 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.69 dividend on an annualized basis and a yield of 10.47%. Timbercreek Financial's payout ratio is 96.90%.

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.