TD Securities Lowers Timbercreek Financial (TSE:TF) to Hold

Timbercreek Financial (TSE:TF - Get Free Report) was downgraded by stock analysts at TD Securities from a "buy" rating to a "hold" rating in a research report issued on Wednesday, BayStreet.CA reports. They presently have a C$8.00 price target on the stock, down from their previous price target of C$8.50. TD Securities' target price indicates a potential upside of 8.84% from the company's current price.

Other equities analysts have also issued research reports about the stock. Raymond James set a C$8.40 target price on shares of Timbercreek Financial and gave the company an "outperform" rating in a research report on Monday. National Bankshares raised their price objective on shares of Timbercreek Financial from C$7.00 to C$7.50 and gave the company a "sector perform" rating in a research report on Wednesday, February 28th. Finally, Fundamental Research set a C$9.90 price objective on shares of Timbercreek Financial and gave the company a "buy" rating in a research report on Wednesday, March 13th.

Timbercreek Financial Stock Performance

Shares of TF stock traded down C$0.18 during trading hours on Wednesday, reaching C$7.35. The stock had a trading volume of 270,755 shares, compared to its average volume of 112,544. The firm has a 50-day simple moving average of C$7.62 and a 200-day simple moving average of C$7.07. The firm has a market capitalization of C$610.12 million, a PE ratio of 9.42 and a beta of 1.24. The company has a debt-to-equity ratio of 142.94, a current ratio of 7.72 and a quick ratio of 145.00. Timbercreek Financial has a twelve month low of C$5.74 and a twelve month high of C$7.85.

Timbercreek Financial (TSE:TF - Get Free Report) last announced its earnings results on Monday, February 26th. The company reported C$0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.19 by C($0.01). The company had revenue of C$29.72 million during the quarter, compared to the consensus estimate of C$29.49 million. Timbercreek Financial had a net margin of 75.87% and a return on equity of 9.49%. As a group, equities analysts forecast that Timbercreek Financial will post 0.7256214 earnings per share for the current year.

Timbercreek Financial Company Profile

Timbercreek Financial Corp. provides shorter-duration structured financing solutions to commercial real estate investors in Canada. It focuses on lending against income-producing real estate properties, such as multi-residential, office, and retail buildings in urban markets. The company was founded in 2016 and is headquartered in Toronto, Canada.