Timbercreek Financial (TSE:TF) Trading Up 0.6% – What’s Next?

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TF. National Bank Financial reduced their price objective on shares of Timbercreek Financial from C$8.25 to C$8.00 and set a “sector perform” rating for the company in a report on Thursday, February 26th. Canaccord Genuity Group cut 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. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Timbercreek Financial has an average rating of “Hold” and a consensus target price of C$7.77.

Timbercreek Financial Price Performance

The company has a quick ratio of 145.00, a current ratio of 0.25 and a debt-to-equity ratio of 197.35. The business’s 50-day moving average is C$6.84 and its two-hundred day moving average is C$6.91. The company has a market capitalization of C$566.86 million, a P/E ratio of 16.31 and a beta of 0.77.

Timbercreek Financial (TSE:TF) last released its quarterly earnings results on Wednesday, February 25th. The company reported C($0.01) earnings per share for the quarter. Timbercreek Financial had a net margin of 23.39% and a return on equity of 5.09%. The firm had revenue of C$35.89 million for the quarter. As a group, analysts predict 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.