Killam Apartment REIT (TSE:KMP.UN) Price Target Raised to C$22.00

Killam Apartment REIT (TSE:KMP.UN) had its price target lifted by TD from C$21.00 to C$22.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD’s price target would indicate a potential upside of 16.59% from the company’s current price.

Several other research analysts have also recently weighed in on KMP.UN. Scotia raised their target price 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. Royal Bank Of Canada upped their price target on shares of Killam Apartment REIT from C$21.00 to C$22.00 and gave the company an “outperform” rating in a report on Friday, May 8th. National Bank Financial raised their price objective on shares of Killam Apartment REIT from C$19.75 to C$20.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Finally, Raymond James Financial boosted their target price on shares of Killam Apartment REIT from C$20.00 to C$20.25 and gave the stock an “outperform” rating in a report on Friday, May 8th. Eight research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$20.45.

Killam Apartment REIT Price Performance

Shares of Killam Apartment REIT stock traded up C$0.18 on Friday, hitting C$18.87. The company had a trading volume of 197,245 shares, compared to its average volume of 375,846. Killam Apartment REIT has a 52 week low of C$15.65 and a 52 week high of C$19.21. The company has a debt-to-equity ratio of 82.05, a current ratio of 0.10 and a quick ratio of 0.03. The company has a market cap of C$2.30 billion, a PE ratio of -96.63 and a beta of 0.79. The business 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) last released its earnings results on Wednesday, August 5th. The company reported C$0.53 earnings per share for the quarter. The firm had revenue of C$99.16 million during the quarter. Killam Apartment REIT had a return on equity of 12.07% and a net margin of 86.91%. Research analysts expect that Killam Apartment REIT will post 1.2904074 EPS for the current fiscal year.

About Killam Apartment REIT

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.