Killam Apartment REIT (TSE:KMP.UN) PT Lowered to C$22.00

Killam Apartment REIT (TSE:KMP.UN) had its target price decreased by equities research analysts at TD Securities from C$23.00 to C$22.00 in a note issued to investors on Wednesday, BayStreet.CA reports. TD Securities’ target price points to a potential upside of 27.76% from the stock’s previous close.

Several other equities analysts also recently commented on KMP.UN. Desjardins upped their price objective on shares of Killam Apartment REIT from C$22.00 to C$23.00 and gave the company a “buy” rating in a research note on Friday, February 16th. BMO Capital Markets upped their price objective on shares of Killam Apartment REIT from C$20.50 to C$22.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. Scotiabank lowered their price objective on shares of Killam Apartment REIT from C$21.00 to C$20.50 and set a “sector perform” rating for the company in a research note on Monday, March 25th. National Bankshares upped their price objective on shares of Killam Apartment REIT from C$22.00 to C$22.75 and gave the company an “outperform” rating in a research note on Friday, February 16th. Finally, CIBC upped their price objective on shares of Killam Apartment REIT from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$21.88.

Killam Apartment REIT Stock Performance

Killam Apartment REIT stock opened at C$17.22 on Wednesday. The company has a quick ratio of 0.03, a current ratio of 0.08 and a debt-to-equity ratio of 88.09. The company has a market capitalization of C$2.04 billion, a PE ratio of 7.65 and a beta of 1.05. The firm has a fifty day simple moving average of C$18.49 and a two-hundred day simple moving average of C$17.99. Killam Apartment REIT has a twelve month low of C$15.36 and a twelve month high of C$20.13.

About Killam Apartment REIT

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.