Timbercreek Financial (TSE:TF) Shares Down 0.1% – Should You Sell?

Timbercreek Financial Corp. (TSE:TF)’s stock price was down 0.1% on Monday . The company traded as low as C$7.07 and last traded at C$7.12. Approximately 148,327 shares changed hands during trading, a decline of 10% from the average daily volume of 164,854 shares. The stock had previously closed at C$7.13.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reduced 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 equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$8.00.

Timbercreek Financial Stock Performance

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 company’s fifty day moving average price is C$6.90 and its 200 day moving average price is C$7.25. The company has a market cap of C$589.20 million, a PE ratio of 15.48 and a beta of 1.11.

Timbercreek Financial (TSE:TF) last issued its quarterly earnings data on Wednesday, October 29th. The company reported C$0.17 earnings per share (EPS) for the quarter. The business 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, equities research analysts predict that Timbercreek Financial Corp. 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.