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

Timbercreek Financial (TSE:TF) was downgraded by TD Securities from a “buy” rating to a “hold” rating in a research report issued on Wednesday, BayStreet.CA reports. They currently have a C$8.00 price objective on the stock, down from their prior price objective of C$8.50. TD Securities’ price target suggests a potential upside of 9.44% from the company’s current price.

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

Timbercreek Financial Stock Performance

TSE TF traded down C$0.22 on Wednesday, hitting C$7.31. 204,445 shares of the company’s stock traded hands, compared to its average volume of 111,710. The company has a current ratio of 7.72, a quick ratio of 145.00 and a debt-to-equity ratio of 142.94. Timbercreek Financial has a 1-year low of C$5.74 and a 1-year high of C$7.85. The firm’s 50-day moving average price is C$7.63 and its two-hundred day moving average price is C$7.07. The firm has a market capitalization of C$606.80 million, a PE ratio of 9.36 and a beta of 1.24.

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