Timbercreek Financial (TSE:TF) Shares Down 0.3% – Should You Sell?

Timbercreek Financial Corp. (TSE:TF) was down 0.3% on Monday . The stock traded as low as C$7.74 and last traded at C$7.74. Approximately 115,365 shares traded hands during trading, a decline of 13% from the average daily volume of 131,872 shares. The stock had previously closed at C$7.76.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TF. National Bankshares boosted their price objective on shares of Timbercreek Financial from C$8.00 to C$8.50 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. TD Securities upped their price objective on shares of Timbercreek Financial from C$7.50 to C$8.00 in a research note on Friday, August 2nd.

Timbercreek Financial Trading Down 0.3 %

The firm has a market cap of C$642.50 million, a PE ratio of 10.60 and a beta of 1.23. The company has a debt-to-equity ratio of 132.31, a current ratio of 7.36 and a quick ratio of 145.00. The business has a 50-day moving average price of C$7.96 and a two-hundred day moving average price of C$7.64.

Timbercreek Financial (TSE:TF) last announced its earnings results on Wednesday, October 30th. The company reported C$0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.17. The company had revenue of C$25.41 million during the quarter, compared to analysts’ expectations of C$28.54 million. Timbercreek Financial had a net margin of 70.41% and a return on equity of 8.73%. Analysts forecast that Timbercreek Financial Corp. will post 0.7300725 EPS for the current year.

Timbercreek Financial Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a $0.058 dividend. This represents a $0.70 annualized dividend and a yield of 8.99%. The ex-dividend date was Thursday, October 31st. Timbercreek Financial’s payout ratio is 94.52%.

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.