Killam Apartment REIT (TSE:KMP.UN) Rating Reiterated by Raymond James

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Raymond James reaffirmed their outperform rating on shares of Killam Apartment REIT (TSE:KMP.UN) in a report published on Thursday, BayStreet.CA reports. The firm currently has a C$21.00 price target on the stock.

Several other analysts also recently weighed in on the company. CIBC upped their price target on Killam Apartment REIT from C$20.00 to C$21.00 in a research note on Thursday. Royal Bank of Canada upped their price target on Killam Apartment REIT from C$20.00 to C$20.50 and gave the stock an outperform rating in a research note on Thursday. Finally, BMO Capital Markets upped their price target on Killam Apartment REIT from C$19.00 to C$20.00 in a research note on Monday, May 6th. Five analysts have rated the stock with a buy rating, Killam Apartment REIT has a consensus rating of Buy and an average price target of C$20.08.

Killam Apartment REIT stock opened at C$20.36 on Thursday. The company has a quick ratio of 0.02, a current ratio of 0.07 and a debt-to-equity ratio of 105.80. The company has a market capitalization of $915.62 million and a P/E ratio of 13.58. The stock’s 50 day moving average is C$19.53 and its 200 day moving average is C$18.88. Killam Apartment REIT has a twelve month low of C$15.34 and a twelve month high of C$20.02.

About Killam Apartment REIT

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.

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Analyst Recommendations for Killam Apartment REIT (TSE:KMP.UN)

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