Timbercreek Financial (TSE:TF) Reaches New 1-Year Low – Here’s Why

Timbercreek Financial Corp. (TSE:TF – Get Free Report) reached a new 52-week low on Monday . The company traded as low as C$6.28 and last traded at C$6.30, with a volume of 63854 shares changing hands. The stock had previously closed at C$6.39.

Timbercreek Financial Trading Down 0.2%

The firm’s fifty day simple moving average is C$6.52 and its 200-day simple moving average is C$6.77. The company has a debt-to-equity ratio of 214.06, a quick ratio of 145.00 and a current ratio of 0.20. The stock has a market cap of C$512.24 million, a P/E ratio of 16.73 and a beta of 0.82.

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Timbercreek Financial (TSE:TF – Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported C$0.17 EPS for the quarter. The company had revenue of C$44.06 million during the quarter. Timbercreek Financial had a return on equity of 4.48% and a net margin of 20.62%. Equities research analysts expect that Timbercreek Financial Corp. will post 0.7300725 EPS for the current fiscal year.

Timbercreek Financial Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were given a dividend of $0.0575 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.1%. The ex-dividend date of this dividend was Friday, May 29th. Timbercreek Financial’s dividend payout ratio (DPR) is presently 186.49%.

Timbercreek Financial Company Profile

(Get Free Report)

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. The company’s strategy is to preserve investor capital by lending mainly against income producing real estate, mitigate concentration risk by diversifying geographically by asset type and borrower and ensure loan to value ratios.

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