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

Timbercreek Financial (TSE:TF) was downgraded by equities research analysts at TD Securities from a “buy” rating to a “hold” rating in a note issued to investors 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’ price target indicates a potential upside of 8.40% from the company’s current price.

TF has been the subject of a number of other reports. National Bankshares upped 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. Raymond James set a C$8.40 price objective on Timbercreek Financial and gave the stock an “outperform” rating in a report on Monday. Finally, Fundamental Research set a C$9.90 price target on shares of Timbercreek Financial and gave the stock a “buy” rating in a research note on Wednesday, March 13th.

Timbercreek Financial Stock Performance

Shares of TF stock opened at C$7.38 on Wednesday. Timbercreek Financial has a 52 week low of C$5.74 and a 52 week high of C$7.85. The company has a market cap of C$612.61 million, a PE ratio of 9.46 and a beta of 1.24. The company has a current ratio of 7.72, a quick ratio of 145.00 and a debt-to-equity ratio of 142.94. The company’s fifty day simple moving average is C$7.62 and its 200-day simple moving average is C$7.07.

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 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 analyst estimates 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 research analysts anticipate 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.