Timbercreek Financial (TSE:TF – Get Free Report) had its target price decreased by stock analysts at Canaccord Genuity Group from C$6.75 to C$6.25 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 1.30% from the stock’s previous close.
Separately, Raymond James Financial lowered their price objective on shares of Timbercreek Financial from C$7.50 to C$7.25 and set an “outperform” rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$7.00.
Read Our Latest Stock Analysis on Timbercreek Financial
Timbercreek Financial Stock Performance
Timbercreek Financial (TSE:TF – Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported C$0.18 earnings per share (EPS) 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%. As a group, equities analysts expect that Timbercreek Financial will post 0.7300725 earnings per share for the current 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.
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