Raymond James Financial Issues Pessimistic Forecast for Timbercreek Financial (TSE:TF) Stock Price

Timbercreek Financial (TSE:TF) had its price objective cut by investment analysts at Raymond James Financial from C$7.50 to C$7.25 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s price target indicates a potential upside of 17.50% from the company’s previous close.

Timbercreek Financial Trading Down 1.0%

Shares of Timbercreek Financial stock traded down C$0.06 during mid-day trading on Thursday, hitting C$6.17. The stock had a trading volume of 360,274 shares, compared to its average volume of 216,136. The firm has a 50-day moving average of C$6.49 and a two-hundred day moving average of C$6.73. Timbercreek Financial has a 12-month low of C$6.07 and a 12-month high of C$7.98. The company has a quick ratio of 145.00, a current ratio of 0.20 and a debt-to-equity ratio of 214.06. The firm has a market cap of C$510.59 million, a P/E ratio of 16.68 and a beta of 0.82.

Timbercreek Financial (TSE:TF) last announced its quarterly earnings results on Wednesday, July 29th. The company reported C$0.18 earnings per share (EPS) for the quarter. The business had revenue of C$34.86 million during the quarter. Timbercreek Financial had a net margin of 20.62% and a return on equity of 4.48%. Sell-side analysts forecast that Timbercreek Financial will post 0.7300725 earnings per share for the current year.

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. 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.