Timbercreek Financial (TSE:TF) Sets New 1-Year Low – Here’s What Happened

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

Timbercreek Financial Stock Performance

The firm has a market capitalization of C$512.24 million, a price-to-earnings ratio of 16.73 and a beta of 0.82. The company has a debt-to-equity ratio of 214.06, a current ratio of 0.20 and a quick ratio of 145.00. The firm has a 50 day moving average price of C$6.53 and a 200-day moving average price of C$6.78.

Timbercreek Financial (TSE:TF) last released its earnings results on Tuesday, May 5th. The company reported C$0.17 EPS for the quarter. Timbercreek Financial had a return on equity of 4.48% and a net margin of 20.62%.The firm had revenue of C$44.06 million during the quarter. As a group, sell-side analysts expect that Timbercreek Financial Corp. will post 0.7300725 earnings per share for the current fiscal year.

Timbercreek Financial Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were paid 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 was Friday, May 29th. Timbercreek Financial’s dividend payout ratio is presently 186.49%.

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. 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.