Timbercreek Financial (TSE:TF) Shares Down 1.9% – Time to Sell?

Timbercreek Financial Corp. (TSE:TF) shares traded down 1.9% during mid-day trading on Tuesday . The company traded as low as C$7.14 and last traded at C$7.15. 199,634 shares traded hands during trading, an increase of 19% from the average session volume of 168,006 shares. The stock had previously closed at C$7.29.

Wall Street Analysts Forecast Growth

Separately, National Bankshares upped their target price on Timbercreek Financial from C$8.00 to C$8.50 and gave the company a “sector perform” rating in a report on Wednesday, October 30th.

Timbercreek Financial Trading Down 1.9 %

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 company has a market cap of C$593.52 million, a PE ratio of 9.79 and a beta of 1.23. The firm’s 50 day moving average is C$7.45 and its 200 day moving average is C$7.67.

Timbercreek Financial (TSE:TF) last announced its earnings results on Wednesday, October 30th. The company reported C$0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.17. Timbercreek Financial had a net margin of 70.41% and a return on equity of 8.73%. The business had revenue of C$25.41 million for the quarter, compared to the consensus estimate of C$28.54 million. On average, equities analysts anticipate that Timbercreek Financial Corp. will post 0.7300725 earnings per share 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 given a $0.058 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.70 dividend on an annualized basis and a yield of 9.73%. 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.