Timbercreek Financial (TSE:TF) Stock Price Up 0.4% – Still a Buy?

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

Wall Street Analyst Weigh In

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

Timbercreek Financial Stock Up 0.4%

The company’s 50 day moving average is C$6.88 and its 200 day moving average is C$7.36. The company has a market cap of C$566.03 million, a PE ratio of 14.87 and a beta of 1.15. The company has a current ratio of 1.53, a quick ratio of 145.00 and a debt-to-equity ratio of 122.88.

Timbercreek Financial (TSE:TF) last released its quarterly earnings data on Wednesday, October 29th. The company reported C$0.17 earnings per share (EPS) for the quarter. The company 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%. As a group, analysts predict that Timbercreek Financial Corp. will post 0.7300725 earnings per share for the current fiscal year.

Timbercreek Financial Dividend Announcement

The company also recently declared a sep 25 dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 29th were issued a $0.0575 dividend. Timbercreek Financial’s payout ratio is 150.00%.

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.