Killam Apartment REIT (TSE:KMP.UN) Price Target Cut to C$21.75

Killam Apartment REIT (TSE:KMP.UN) had its price target decreased by equities research analysts at Raymond James from C$22.75 to C$21.75 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ target price suggests a potential upside of 26.31% from the company’s current price.

KMP.UN has been the subject of a number of other research reports. CIBC boosted their price objective on Killam Apartment REIT from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Laurentian lowered Killam Apartment REIT from a “buy” rating to a “hold” rating and set a C$20.50 price objective for the company. in a research report on Monday, January 22nd. Royal Bank of Canada boosted their price target on Killam Apartment REIT from C$23.00 to C$23.50 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Scotiabank reduced their price target on Killam Apartment REIT from C$21.00 to C$20.50 and set a “sector perform” rating for the company in a research report on Monday, March 25th. Finally, TD Securities boosted their price target on Killam Apartment REIT from C$21.00 to C$23.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$21.88.

Killam Apartment REIT Trading Down 0.3 %

TSE:KMP.UN opened at C$17.22 on Wednesday. Killam Apartment REIT has a 12-month low of C$15.36 and a 12-month high of C$20.13. The firm has a market capitalization of C$2.04 billion, a P/E ratio of 7.65 and a beta of 1.05. The company has a debt-to-equity ratio of 88.09, a current ratio of 0.08 and a quick ratio of 0.03. The business has a 50 day simple moving average of C$18.49 and a 200 day simple moving average of C$17.99.

Killam Apartment REIT Company Profile

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.