Killam Apartment REIT (TSE:KMP.UN) had its target price lifted by Royal Bank of Canada from C$20.00 to C$20.50 in a research report sent to investors on Thursday, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.
A number of other research analysts have also recently issued reports on KMP.UN. BMO Capital Markets lifted their price target on Killam Apartment REIT from C$19.00 to C$20.00 in a report on Monday, May 6th. Raymond James lifted their price target on Killam Apartment REIT from C$19.00 to C$21.00 and gave the company an outperform rating in a report on Monday, May 6th. Finally, CIBC lifted their price target on Killam Apartment REIT from C$19.00 to C$20.00 in a report on Friday, May 3rd. Five analysts have rated the stock with a buy rating, The stock presently has an average rating of Buy and a consensus price target of C$20.08.
Shares of TSE KMP.UN opened at C$20.36 on Thursday. The stock has a market cap of $915.62 million and a PE ratio of 13.58. The business has a fifty day moving average of C$19.53 and a two-hundred day moving average of C$18.88. Killam Apartment REIT has a 52-week low of C$15.34 and a 52-week high of C$20.02. The company has a debt-to-equity ratio of 105.80, a quick ratio of 0.02 and a current ratio of 0.07.
Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential landlords, owning, operating, managing and developing a $2.8 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: Hold Rating
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