Killam Apartment REIT (TSE:KMP.UN) Given New C$20.00 Price Target at BMO Capital Markets

Killam Apartment REIT (TSE:KMP.UN) had its price objective increased by research analysts at BMO Capital Markets from C$19.50 to C$20.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 12.49% from the stock’s previous close.

Separately, Raymond James cut their target price on Killam Apartment REIT from C$22.25 to C$21.50 in a research report on Friday, February 14th.

Killam Apartment REIT Stock Down 1.0%

Shares of TSE:KMP.UN traded down C$0.18 during mid-day trading on Monday, hitting C$17.78. 130,135 shares of the company traded hands, compared to its average volume of 379,150. The firm has a market cap of C$2.12 billion, a P/E ratio of 6.84 and a beta of 1.10. The firm’s 50 day simple moving average is C$17.02 and its 200 day simple moving average is C$17.27. The company has a debt-to-equity ratio of 82.05, a quick ratio of 0.03 and a current ratio of 0.10. Killam Apartment REIT has a 52-week low of C$15.48 and a 52-week high of C$21.72.

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.