Killam Apartment REIT (TSE:KMP.UN) Price Target Raised to C$21.25

Killam Apartment REIT (TSE:KMP.UN – Get Free Report) had its price target raised by Raymond James Financial from C$21.00 to C$21.25 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s target price suggests a potential upside of 12.61% from the stock’s previous close.

A number of other brokerages also recently issued reports on KMP.UN. Royal Bank Of Canada boosted their price objective on Killam Apartment REIT from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. National Bank Financial raised their target price on Killam Apartment REIT from C$19.75 to C$20.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. TD 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 report on Friday. Finally, Scotia boosted their price target on Killam Apartment REIT from C$19.50 to C$20.00 and gave the company a “sector outperform” rating in a research note on Friday, May 8th. Eight research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$20.45.

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Killam Apartment REIT Trading Up 1.0%

TSE KMP.UN traded up C$0.18 during mid-day trading on Friday, reaching C$18.87. 197,245 shares of the stock were exchanged, compared to its average volume of 375,846. The stock has a market cap of C$2.30 billion, a P/E ratio of -96.63 and a beta of 0.79. The company has a debt-to-equity ratio of 82.05, a current ratio of 0.10 and a quick ratio of 0.03. Killam Apartment REIT has a one year low of C$15.65 and a one year high of C$19.21. The stock has a 50 day simple moving average of C$18.71 and a 200-day simple moving average of C$17.64.

Killam Apartment REIT (TSE:KMP.UN – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported C$0.53 EPS for the quarter. Killam Apartment REIT had a net margin of 86.91% and a return on equity of 12.07%. The business had revenue of C$99.16 million for the quarter. On average, analysts anticipate that Killam Apartment REIT will post 1.2904074 EPS for the current year.

Killam Apartment REIT Company Profile

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Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada’s largest residential real estate investment trusts, owning, operating and developing a $5.4 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 which target newer properties and through the disposition of non-core assets, and 3) developing high-quality properties in its core markets.

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