Timbercreek Financial (TSE:TF) Price Target Lowered to C$6.50 at National Bank Financial

Timbercreek Financial (TSE:TF) had its price objective dropped by National Bank Financial from C$7.00 to C$6.50 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 5.35% from the company’s current price.

Several other equities research analysts have also recently issued reports on TF. Raymond James Financial decreased their price objective on Timbercreek Financial from C$7.50 to C$7.25 and set an “outperform” rating on the stock in a report on Thursday. Canaccord Genuity Group dropped their target price on Timbercreek Financial from C$6.75 to C$6.25 and set a “hold” rating for the company in a research note on Thursday. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$7.00.

Timbercreek Financial Trading Down 1.0%

Shares of TF traded down C$0.06 on Thursday, hitting C$6.17. 360,274 shares of the stock traded hands, compared to its average volume of 216,136. Timbercreek Financial has a 1 year low of C$6.07 and a 1 year high of C$7.98. The stock’s 50 day moving average is C$6.49 and its two-hundred day moving average is C$6.73. The firm has a market capitalization of C$510.59 million, a P/E ratio of 16.68 and a beta of 0.82. The company has a quick ratio of 145.00, a current ratio of 0.20 and a debt-to-equity ratio of 214.06.

Timbercreek Financial (TSE:TF) last released its earnings results on Wednesday, July 29th. The company reported C$0.18 EPS for the quarter. The firm 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%. As a group, sell-side analysts predict that Timbercreek Financial will post 0.7300725 earnings per share for the current year.

About Timbercreek Financial

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.