Timbercreek Financial (TSE:TF) Share Price Passes Below Fifty Day Moving Average – Here’s What Happened

Timbercreek Financial Corp. (TSE:TF)’s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$6.94 and traded as low as C$6.64. Timbercreek Financial shares last traded at C$6.74, with a volume of 137,029 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Canaccord Genuity Group lowered Timbercreek Financial from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$7.75 to C$7.30 in a research report on Friday, February 27th. National Bank Financial reduced their price target on shares of Timbercreek Financial from C$8.25 to C$8.00 and set a “sector perform” rating for the company in a research report on Thursday, February 26th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$7.77.

Timbercreek Financial Stock Performance

The firm has a market cap of C$553.62 million, a P/E ratio of 15.93 and a beta of 0.92. The company has a current ratio of 0.25, a quick ratio of 145.00 and a debt-to-equity ratio of 197.35. The company’s 50-day moving average is C$6.92 and its two-hundred day moving average is C$6.99.

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.