Killam Apartment REIT (TSE:KMP.UN) had its target price hoisted by BMO Capital Markets from C$18.00 to C$19.00 in a research note released on Tuesday. The firm currently has an outperform rating on the stock.
KMP.UN has been the subject of a number of other research reports. TD Securities upped their price target on Killam Apartment REIT from C$19.50 to C$20.00 and gave the stock a buy rating in a report on Thursday, March 7th. Desjardins upped their price target on Killam Apartment REIT from C$17.50 to C$18.00 in a report on Monday, November 12th. Royal Bank of Canada upped their price target on Killam Apartment REIT from C$17.50 to C$18.50 in a report on Friday, February 15th. National Bank Financial set a C$19.50 target price on Killam Apartment REIT and gave the company an outperform rating in a research report on Thursday, March 7th. Finally, Raymond James upped their target price on Killam Apartment REIT from C$18.00 to C$19.00 and gave the company an outperform rating in a research report on Thursday, February 14th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of C$18.23.
TSE KMP.UN opened at C$17.98 on Tuesday. The company has a market capitalization of $1.55 billion and a price-to-earnings ratio of 9.06. Killam Apartment REIT has a fifty-two week low of C$12.04 and a fifty-two week high of C$14.76. The company has a debt-to-equity ratio of 118.85, a current ratio of 0.07 and a quick ratio of 0.02.
Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential landlords, owning, operating, managing and developing a $2.7 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.
Further Reading: Quiet Period
Receive News & Ratings for Killam Apartment REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Killam Apartment REIT and related companies with MarketBeat.com's FREE daily email newsletter.