Killam Apartment REIT (TSE:KMP.UN) Hits New 1-Year Low at $16.32

Killam Apartment REIT (TSE:KMP.UNGet Rating)’s stock price hit a new 52-week low on Tuesday . The stock traded as low as C$16.32 and last traded at C$16.33, with a volume of 24076 shares trading hands. The stock had previously closed at C$16.66.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on KMP.UN shares. National Bankshares lifted their target price on shares of Killam Apartment REIT from C$19.25 to C$20.50 and gave the company an “outperform” rating in a report on Friday, August 12th. CIBC lowered their target price on shares of Killam Apartment REIT from C$25.00 to C$22.50 in a report on Monday, June 27th. Stifel Nicolaus lowered their target price on shares of Killam Apartment REIT from C$22.50 to C$22.00 in a report on Friday, August 12th. TD Securities lifted their target price on shares of Killam Apartment REIT from C$21.00 to C$22.00 and gave the company a “buy” rating in a report on Friday, August 12th. Finally, Raymond James lowered their target price on shares of Killam Apartment REIT from C$24.00 to C$22.00 and set an “outperform” rating on the stock in a report on Monday, August 15th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$22.22.

Killam Apartment REIT Trading Down 0.2 %

The stock has a market cap of C$1.85 billion and a PE ratio of 7.26. The business’s fifty day moving average is C$17.28 and its 200 day moving average is C$18.70. The company has a quick ratio of 0.03, a current ratio of 0.07 and a debt-to-equity ratio of 93.30.

Killam Apartment REIT Company Profile

(Get Rating)

Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential landlords, owning, operating, managing and developing a $2.8 billion portfolio of apartments and manufactured home communities. Killam's strategy to enhance value and profitability focuses on three priorities: 1) increasing earnings from existing operations, 2) expanding the portfolio and diversifying geographically through accretive acquisitions, with an emphasis on newer properties, and 3) developing high-quality properties in its core markets.

Further Reading

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