Killam Apartment REIT (TSE:KMP.UN) Price Target Lowered to C$19.00 at Canaccord Genuity Group

Killam Apartment REIT (TSE:KMP.UN) had its target price cut by equities researchers at Canaccord Genuity Group from C$20.00 to C$19.00 in a research report issued on Thursday,BayStreet.CA reports. Canaccord Genuity Group’s price objective suggests a potential upside of 13.43% from the stock’s current price.

Several other equities research analysts have also recently issued reports on KMP.UN. Scotiabank lowered their target price on shares of Killam Apartment REIT from C$20.75 to C$20.50 and set an “outperform” rating on the stock in a research note on Tuesday, August 12th. TD Securities increased their price objective on Killam Apartment REIT from C$21.00 to C$22.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$21.08.

Killam Apartment REIT Trading Down 1.2%

Shares of KMP.UN traded down C$0.20 during trading hours on Thursday, reaching C$16.75. 145,819 shares of the company traded hands, compared to its average volume of 311,084. Killam Apartment REIT has a 12-month low of C$15.48 and a 12-month high of C$19.80. The stock’s fifty day moving average price is C$17.76 and its 200 day moving average price is C$18.26. The firm has a market cap of C$2.03 billion, a price-to-earnings ratio of 3.59 and a beta of 0.91. 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.