Timbercreek Financial (TSE:TF) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Timbercreek Financial Corp. (TSE:TF) shares passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$7.27 and traded as low as C$6.73. Timbercreek Financial shares last traded at C$6.81, with a volume of 265,840 shares.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on TF shares. Canaccord Genuity Group dropped their price target on Timbercreek Financial from C$8.50 to C$7.75 in a research report on Friday, October 31st. TD Securities increased their price objective on shares of Timbercreek Financial from C$7.50 to C$8.00 and gave the company a “hold” rating in a research note on Thursday, July 31st. Finally, National Bankshares raised their target price on shares of Timbercreek Financial from C$8.00 to C$8.25 and gave the company a “sector perform” rating in a report on Tuesday, July 29th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$8.00.

Timbercreek Financial Stock Performance

The company has a quick ratio of 145.00, a current ratio of 1.53 and a debt-to-equity ratio of 122.88. The stock has a fifty day moving average price of C$7.27 and a two-hundred day moving average price of C$7.42. The company has a market capitalization of C$563.55 million, a price-to-earnings ratio of 14.80 and a beta of 1.12.

Timbercreek Financial Dividend Announcement

The company also recently announced a sep 25 dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 29th were issued a $0.0575 dividend. Timbercreek Financial’s dividend payout ratio (DPR) is 150.00%.

Timbercreek Financial Company Profile

Timbercreek Financial Corp is a Canada-based non-banking commercial real estate lender. The company provides shorter-duration, customized financing solutions to professional real estate investors. It invests directly in a diversified portfolio of structured mortgage loans primarily secured by stabilized, income-producing commercial real estates, such as multi-residential, office and retail buildings located in urban markets across Canada.