Killam Apartment REIT (TSE:KMP.UN) had its target price increased by TD Securities from C$21.00 to C$22.00 in a report published on Thursday, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.
KMP.UN has been the topic of several other reports. CIBC lifted their price target on shares of Killam Apartment REIT from C$20.00 to C$21.00 in a research note on Thursday. BMO Capital Markets raised their price objective on shares of Killam Apartment REIT from C$19.00 to C$20.00 in a research report on Monday, May 6th. Royal Bank of Canada raised their price objective on shares of Killam Apartment REIT from C$20.00 to C$20.50 and gave the stock an outperform rating in a research report on Thursday. Raymond James reissued an outperform rating and set a C$21.00 price objective on shares of Killam Apartment REIT in a research report on Thursday. Finally, Laurentian set a C$19.75 price objective on shares of Killam Apartment REIT in a research report on Thursday. Five equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of Buy and a consensus target price of C$20.08.
Shares of TSE:KMP.UN opened at C$20.36 on Thursday. The company’s fifty day moving average price is C$19.53 and its 200 day moving average price is C$18.88. Killam Apartment REIT has a 12 month low of C$15.34 and a 12 month high of C$20.02. The company has a debt-to-equity ratio of 105.80, a current ratio of 0.07 and a quick ratio of 0.02. The firm has a market capitalization of $915.62 million and a P/E ratio of 13.58.
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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