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

Timbercreek Financial (TSE:TF) was downgraded by equities researchers at TD Securities from a “buy” rating to a “hold” rating in a report issued on Wednesday, BayStreet.CA reports. They currently have a C$8.00 price objective on the stock, down from their previous price objective of C$8.50. TD Securities’ price objective indicates a potential upside of 8.40% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. National Bankshares increased 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. Fundamental Research set a C$9.90 target price on shares of Timbercreek Financial and gave the company a “buy” rating in a report on Wednesday, March 13th. Finally, Raymond James set a C$8.40 target price on Timbercreek Financial and gave the stock an “outperform” rating in a research report on Monday.

Timbercreek Financial Trading Up 0.4 %

TSE TF opened at C$7.38 on Wednesday. The company has a market capitalization of C$612.61 million, a PE ratio of 9.46 and a beta of 1.24. The company has a fifty day moving average of C$7.62 and a 200 day moving average of C$7.07. The company has a debt-to-equity ratio of 142.94, a current ratio of 7.72 and a quick ratio of 145.00. Timbercreek Financial has a 1 year low of C$5.74 and a 1 year high of C$7.85.

Timbercreek Financial (TSE:TF) last released its quarterly earnings results on Monday, February 26th. The company reported C$0.18 earnings per share for the quarter, missing the consensus estimate of C$0.19 by C($0.01). Timbercreek Financial had a return on equity of 9.49% and a net margin of 75.87%. The company had revenue of C$29.72 million for the quarter, compared to analyst estimates of C$29.49 million. Research analysts forecast that Timbercreek Financial will post 0.7256214 earnings per share for the current year.

About Timbercreek Financial

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.