Timbercreek Financial (TSE:TF) Stock Price Crosses Below Fifty Day Moving Average – What’s Next?

Timbercreek Financial Corp. (TSE:TF)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$6.94 and traded as low as C$6.64. Timbercreek Financial shares last traded at C$6.74, with a volume of 137,029 shares.

Analysts Set New Price Targets

Several analysts recently issued reports on TF shares. Canaccord Genuity Group lowered shares of Timbercreek Financial from a “buy” rating to a “hold” rating and reduced their price objective for the company 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 for the company in a research report on Thursday, February 26th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Timbercreek Financial currently has an average rating of “Hold” and an average price target of C$7.77.

Timbercreek Financial Stock Performance

The stock has a market capitalization of C$557.76 million, a PE ratio of 16.05 and a beta of 0.92. The company has a debt-to-equity ratio of 197.35, a quick ratio of 145.00 and a current ratio of 0.25. The firm’s 50 day moving average is C$6.94 and its two-hundred day moving average is C$7.00.

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.