Timbercreek Financial (TSE:TF) Stock Passes Below 50 Day Moving Average – What’s Next?

Timbercreek Financial Corp. (TSE:TF) shares passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$7.02 and traded as low as C$6.62. Timbercreek Financial shares last traded at C$6.66, with a volume of 213,014 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Canaccord Genuity Group cut Timbercreek Financial from a “buy” rating to a “hold” rating and decreased their price target for the company from C$7.75 to C$7.30 in a research note on Friday, February 27th. National Bank Financial cut their price objective on Timbercreek Financial from C$8.25 to C$8.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 26th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$7.77.

Timbercreek Financial Stock Performance

The company has a debt-to-equity ratio of 197.35, a current ratio of 0.25 and a quick ratio of 145.00. The company has a fifty day moving average price of C$7.02 and a 200 day moving average price of C$7.07. The stock has a market cap of C$551.13 million, a P/E ratio of 15.86 and a beta of 0.92.

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.