Killam Apartment REIT (TSE:KMP.UN) Price Target Cut to C$21.00 by Analysts at Royal Bank Of Canada

Killam Apartment REIT (TSE:KMP.UN) had its target price dropped by Royal Bank Of Canada from C$22.00 to C$21.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 25.00% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. TD Securities dropped their price objective on Killam Apartment REIT from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research note on Friday, December 12th. Canaccord Genuity Group cut their target price on shares of Killam Apartment REIT from C$20.00 to C$19.00 in a research report on Thursday, November 6th. Finally, BMO Capital Markets lowered their price target on shares of Killam Apartment REIT from C$20.00 to C$19.50 in a research report on Wednesday, November 12th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$20.00.

Killam Apartment REIT Stock Performance

Shares of TSE KMP.UN traded down C$0.22 during mid-day trading on Friday, reaching C$16.80. 471,287 shares of the company’s stock were exchanged, compared to its average volume of 384,119. The firm has a market capitalization of C$2.04 billion, a price-to-earnings ratio of 3.74 and a beta of 0.75. The firm has a 50-day moving average price of C$17.00 and a two-hundred day moving average price of C$17.36. The company has a debt-to-equity ratio of 82.05, a current ratio of 0.10 and a quick ratio of 0.03. Killam Apartment REIT has a 52 week low of C$15.48 and a 52 week high of C$19.80.

Killam Apartment REIT (TSE:KMP.UN) last announced its quarterly earnings data on Friday, February 13th. The company reported C($1.17) EPS for the quarter. Killam Apartment REIT had a return on equity of 12.07% and a net margin of 86.91%.The company had revenue of C$96.26 million during the quarter. Analysts predict that Killam Apartment REIT will post 1.2904074 EPS for the current year.

About Killam Apartment REIT

Killam Apartment Real Estate Investment Trust is an open-ended mutual fund trust. The company specializes in the acquisition, management, and development of multi-residential apartment buildings and manufactured home communities (MHC). It has three main operating segments, Apartment segment, MHC segment, and Commercial segments. Apartment segment acquires, operates, manages and develops multi-family residential properties across Canada. MHC segment acquires and operates MHC communities in Ontario and Eastern Canada, and Commercial segment includes more than seven commercial properties.