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

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

Analysts Set New Price Targets

Separately, Canaccord Genuity Group cut 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 analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Timbercreek Financial has an average rating of “Hold” and a consensus target price of C$8.00.

Timbercreek Financial Trading Up 0.4%

The firm has a market cap of C$566.03 million, a P/E ratio of 14.87 and a beta of 1.15. The stock has a 50 day simple moving average of C$6.88 and a 200-day simple moving average of C$7.36. 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 posted its earnings results on Wednesday, October 29th. The company reported C$0.17 EPS for the quarter. The firm had revenue of C$18.02 million during the quarter. Timbercreek Financial had a return on equity of 8.41% and a net margin of 34.73%. On average, equities research analysts expect that Timbercreek Financial Corp. will post 0.7300725 EPS for the current fiscal year.

Timbercreek Financial Announces Dividend

The business also recently disclosed a sep 25 dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 29th were given a dividend of $0.0575 per share. Timbercreek Financial’s dividend payout ratio (DPR) is presently 150.00%.

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.