Raymond James Financial Lowers Timbercreek Financial (TSE:TF) Price Target to C$7.25

Timbercreek Financial (TSE:TF) had its price target reduced by Raymond James Financial from C$7.50 to C$7.25 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s target price would indicate a potential upside of 17.50% from the company’s current price.

Timbercreek Financial Price Performance

TSE TF traded down C$0.06 during trading hours on Thursday, hitting C$6.17. 360,274 shares of the company’s stock traded hands, compared to its average volume of 216,136. The company has a market capitalization of C$510.59 million, a PE ratio of 16.68 and a beta of 0.82. The company has a debt-to-equity ratio of 214.06, a current ratio of 0.20 and a quick ratio of 145.00. Timbercreek Financial has a 52-week low of C$6.07 and a 52-week high of C$7.98. The firm’s 50-day moving average is C$6.49 and its 200-day moving average is C$6.73.

Timbercreek Financial (TSE:TF) last released its earnings results on Wednesday, July 29th. The company reported C$0.18 earnings per share for the quarter. The business had revenue of C$34.86 million for the quarter. Timbercreek Financial had a net margin of 20.62% and a return on equity of 4.48%. Equities analysts forecast that Timbercreek Financial will post 0.7300725 EPS for the current fiscal year.

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.