Timbercreek Financial (TSE:TF) Stock Price Down 0.7% – What’s Next?

Timbercreek Financial Corp. (TSE:TF) dropped 0.7% during trading on Thursday . The company traded as low as C$7.24 and last traded at C$7.26. Approximately 164,800 shares traded hands during mid-day trading, a decline of 13% from the average daily volume of 189,467 shares. The stock had previously closed at C$7.31.

Analyst Ratings Changes

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

Timbercreek Financial Trading Down 6.2%

The company has a quick ratio of 145.00, a current ratio of 1.53 and a debt-to-equity ratio of 122.88. The stock has a market capitalization of C$563.55 million, a P/E ratio of 14.80 and a beta of 1.01. The company has a fifty day simple moving average of C$7.08 and a two-hundred day simple moving average of C$7.16.

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.