Killam Apartment REIT (TSE:KMP.UN) Given New C$21.00 Price Target at CIBC

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Killam Apartment REIT (TSE:KMP.UN) had its target price increased by CIBC from C$20.00 to C$21.00 in a report released on Thursday morning, BayStreet.CA reports.

KMP.UN has been the subject of a number of other research reports. Raymond James raised their price objective on Killam Apartment REIT from C$19.00 to C$21.00 and gave the company an outperform rating in a research note on Monday, May 6th. BMO Capital Markets raised their price objective on Killam Apartment REIT from C$19.00 to C$20.00 in a research note on Monday, May 6th. Finally, Royal Bank of Canada raised their price objective on Killam Apartment REIT from C$20.00 to C$20.50 and gave the company an outperform rating in a research note on Thursday. Five equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and an average price target of C$20.08.

Shares of Killam Apartment REIT stock opened at C$20.36 on Thursday. 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 has a 52 week low of C$15.34 and a 52 week high of C$20.02. The stock has a 50 day moving average price of C$19.53 and a two-hundred day moving average price of C$18.88. The stock has a market capitalization of $915.62 million and a PE ratio of 13.58.

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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