Canaccord Genuity Group Has Lowered Expectations for Timbercreek Financial (TSE:TF) Stock Price

Timbercreek Financial (TSE:TF) had its target price decreased by stock analysts at Canaccord Genuity Group from C$6.75 to C$6.25 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 1.30% from the stock’s previous close.

Separately, Raymond James Financial dropped their price objective on Timbercreek Financial from C$7.50 to C$7.25 and set an “outperform” rating on the stock in a report on Thursday. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Timbercreek Financial presently has a consensus rating of “Hold” and a consensus target price of C$7.00.

Timbercreek Financial Stock Down 1.0%

Shares of TF traded down C$0.06 during midday trading on Thursday, reaching C$6.17. The stock had a trading volume of 360,274 shares, compared to its average volume of 216,136. The company has a market cap of C$510.59 million, a price-to-earnings ratio of 16.68 and a beta of 0.82. The company’s fifty day simple moving average is C$6.49 and its two-hundred day simple moving average is C$6.73. Timbercreek Financial has a 1-year low of C$6.07 and a 1-year high of C$7.98. The company has a debt-to-equity ratio of 214.06, a current ratio of 0.20 and a quick ratio of 145.00.

Timbercreek Financial (TSE:TF) last issued its earnings results on Wednesday, July 29th. The company reported C$0.18 EPS for the quarter. Timbercreek Financial had a net margin of 20.62% and a return on equity of 4.48%. The firm had revenue of C$34.86 million during the quarter. Equities research analysts expect that Timbercreek Financial will post 0.7300725 earnings per share 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.