Timbercreek Financial (TSE:TF) Shares Up 0.6% – Time to Buy?

Timbercreek Financial Corp. (TSE:TF)’s share price shot up 0.6% on Monday . The stock traded as high as C$7.03 and last traded at C$6.95. 154,682 shares traded hands during mid-day trading, an increase of 25% from the average session volume of 123,347 shares. The stock had previously closed at C$6.91.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reduced their price target on shares of Timbercreek Financial from C$8.50 to C$7.75 in a research report on Friday, October 31st. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Timbercreek Financial presently has a consensus rating of “Hold” and a consensus price target of C$8.00.

Timbercreek Financial Trading Up 0.6%

The business’s 50-day simple moving average is C$6.78 and its two-hundred day simple moving average is C$7.30. The firm has a market capitalization of C$575.13 million, a price-to-earnings ratio of 15.11 and a beta of 1.11. The company has a quick ratio of 145.00, a current ratio of 1.53 and a debt-to-equity ratio of 122.88.

Timbercreek Financial (TSE:TF) last posted its quarterly earnings data on Wednesday, October 29th. The company reported C$0.17 earnings per share for the quarter. Timbercreek Financial had a net margin of 34.73% and a return on equity of 8.41%. The firm had revenue of C$18.02 million during the quarter. Equities analysts forecast that Timbercreek Financial Corp. will post 0.7300725 earnings per share for the current year.

About Timbercreek Financial

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.