Timbercreek Financial (OTCMKTS:TBCRF) Shares Climb 26.2% – Here’s Why

Shares of Timbercreek Financial Corp. (OTCMKTS:TBCRF) rose 26.2% during mid-day trading on Friday. The company traded as high as $4.67 and last traded at $4.67. Approximately 32,900 shares were traded during mid-day trading, an increase of 92% from the average daily volume of 17,104 shares. The stock had previously closed at $3.70.

Wall Street Analysts Forecast Growth

Separately, TD Securities reiterated a “hold” rating on shares of Timbercreek Financial in a research report on Friday, July 31st. One research analyst has rated the stock with a Hold rating. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Timbercreek Financial Price Performance

The stock has a 50-day moving average price of $4.06 and a two-hundred day moving average price of $4.48.

Timbercreek Financial Company Profile

Timbercreek Financial Corp. is a Canadian commercial real estate lender that provides short-term financing solutions to property owners and operators. The company focuses primarily on originating and managing first-mortgage loans secured by income-producing commercial properties.

Its lending activities support a range of commercial real estate needs, including acquisitions, refinancing, construction, property improvements, and other structured financing requirements. Timbercreek Financial generally serves borrowers and properties in Canada, with a focus on transactions that may not be addressed by traditional banks.

The company was formerly known as Timbercreek Mortgage Investment Corporation and is associated with Timbercreek Asset Management, a Canadian alternative investment manager specializing in real estate and private credit.