Canaccord Genuity Group Has Lowered Expectations for Killam Apartment REIT (TSE:KMP.UN) Stock Price

Killam Apartment REIT (TSE:KMP.UN) had its price objective reduced by research analysts at Canaccord Genuity Group from C$20.00 to C$19.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. Canaccord Genuity Group’s target price would suggest a potential upside of 13.43% from the company’s current price.

Several other research analysts also recently commented on the company. TD Securities lifted their target price on Killam Apartment REIT from C$21.00 to C$22.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Scotiabank dropped their price objective on Killam Apartment REIT from C$20.75 to C$20.50 and set an “outperform” rating for the company in a report on Tuesday, August 12th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$21.08.

Killam Apartment REIT Stock Down 1.2%

Shares of TSE:KMP.UN traded down C$0.20 during trading on Thursday, hitting C$16.75. 145,819 shares of the company were exchanged, compared to its average volume of 311,084. The stock has a market cap of C$2.03 billion, a price-to-earnings ratio of 3.59 and a beta of 0.91. Killam Apartment REIT has a fifty-two week low of C$15.48 and a fifty-two week high of C$19.80. The firm has a fifty day moving average price of C$17.76 and a two-hundred day moving average price of C$18.26. The company has a current ratio of 0.10, a quick ratio of 0.03 and a debt-to-equity ratio of 82.05.

About Killam Apartment REIT

Killam Apartment Real Estate Investment Trust is an open-ended mutual fund trust. The company specializes in the acquisition, management, and development of multi-residential apartment buildings and manufactured home communities (MHC). It has three main operating segments, Apartment segment, MHC segment, and Commercial segments.