Timbercreek Financial (TSE:TF) Shares Up 0.6% – Here’s Why

Timbercreek Financial Corp. (TSE:TF) shot up 0.6% during trading on Wednesday . The company traded as high as C$6.88 and last traded at C$6.85. 194,547 shares were traded during mid-day trading, a decline of 15% from the average session volume of 229,809 shares. The stock had previously closed at C$6.81.

Analysts Set New Price Targets

TF has been the topic of a number of analyst reports. Canaccord Genuity Group downgraded shares of Timbercreek Financial from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$7.75 to C$7.30 in a report on Friday, February 27th. National Bank Financial dropped their price target on shares of Timbercreek Financial from C$8.25 to C$8.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 26th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$7.77.

Timbercreek Financial Stock Up 0.7%

The company has a market capitalization of C$566.86 million, a PE ratio of 16.31 and a beta of 0.77. The stock’s fifty day moving average is C$6.83 and its two-hundred day moving average is C$6.91. The company has a current ratio of 0.25, a quick ratio of 145.00 and a debt-to-equity ratio of 197.35.

Timbercreek Financial (TSE:TF) last posted its quarterly earnings data on Wednesday, February 25th. The company reported C($0.01) earnings per share (EPS) for the quarter. The company had revenue of C$35.89 million for the quarter. Timbercreek Financial had a return on equity of 5.09% and a net margin of 23.39%. As a group, analysts predict that Timbercreek Financial Corp. will post 0.7300725 EPS for the current year.

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.