Timbercreek Financial (TSE:TF) Stock Price Up 0.4% – Time to Buy?

Timbercreek Financial Corp. (TSE:TF)’s share price rose 0.4% during trading on Monday . The company traded as high as C$6.89 and last traded at C$6.84. Approximately 154,097 shares changed hands during mid-day trading, a decline of 24% from the average daily volume of 202,696 shares. The stock had previously closed at C$6.81.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group decreased their price target on shares of Timbercreek Financial from C$8.50 to C$7.75 in a research report on Friday, October 31st. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Timbercreek Financial currently has a consensus rating of “Hold” and a consensus price target of C$8.00.

Timbercreek Financial Stock Performance

The firm has a market cap of C$570.17 million, a price-to-earnings ratio of 14.98 and a beta of 1.15. The company has a debt-to-equity ratio of 122.88, a current ratio of 1.53 and a quick ratio of 145.00. The firm has a fifty day simple moving average of C$6.86 and a two-hundred day simple moving average of C$7.35.

Timbercreek Financial (TSE:TF) last announced its quarterly earnings data on Wednesday, October 29th. The company reported C$0.17 EPS for the quarter. The firm had revenue of C$18.02 million during the quarter. Timbercreek Financial had a net margin of 34.73% and a return on equity of 8.41%. On average, analysts expect that Timbercreek Financial Corp. will post 0.7300725 EPS for the current year.

Timbercreek Financial Dividend Announcement

The business also recently disclosed a sep 25 dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 29th were issued a dividend of $0.0575 per share. Timbercreek Financial’s dividend payout ratio (DPR) is presently 150.00%.

Timbercreek Financial Company Profile

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.