Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Urbanfund ( (TSE:UFC) ) has shared an announcement.
Urbanfund Corp. has entered into a loan agreement to provide a $10 million, one-year loan to Westdale Construction Co. Limited at an annual interest rate of 5.45%. Because Westdale is a control person of Urbanfund and is linked to both the company’s chairman and its CEO, the financing is classified as a related-party transaction under securities regulations, but it is exempt from formal valuation and minority shareholder approval requirements as the loan value is below 25% of Urbanfund’s market capitalization and the company is not listed on a specified senior exchange. The transaction underscores Urbanfund’s ongoing financial ties with its major shareholder while operating within the available regulatory exemptions for related-party dealings.
The most recent analyst rating on (TSE:UFC) stock is a Buy with a C$0.93 price target. To see the full list of analyst forecasts on Urbanfund stock, see the TSE:UFC Stock Forecast page.
Spark’s Take on TSE:UFC Stock
According to Spark, TipRanks’ AI Analyst, TSE:UFC is a Outperform.
Urbanfund’s stock score is driven by its strong valuation metrics, indicating it is undervalued with a high dividend yield. The company’s profitability is robust, but challenges in revenue and cash flow growth present risks. Technical indicators suggest a neutral to positive trend, supporting the overall score.
To see Spark’s full report on TSE:UFC stock, click here.
More about Urbanfund
Urbanfund Corp. is a Toronto-based real estate development and operating company listed on the TSX Venture Exchange under the symbol UFC and reporting in Alberta, British Columbia and Ontario. The company focuses on identifying, evaluating and investing in real estate and real estate-related projects, with assets located across several Canadian markets including Toronto, Belleville, Kitchener, London, Brampton, Montreal, Quebec City and Dartmouth.
Average Trading Volume: 6,587
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$49.46M
Learn more about UFC stock on TipRanks’ Stock Analysis page.