Killam Apartment REIT (TSE:KMP.UN) Price Target Cut to C$21.50 by Analysts at National Bankshares

Killam Apartment REIT (TSE:KMP.UN) had its price objective decreased by stock analysts at National Bankshares from C$22.75 to C$21.50 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective points to a potential upside of 24.85% from the stock’s current price.

A number of other equities analysts have also commented on KMP.UN. CIBC boosted their price objective on Killam Apartment REIT from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. Laurentian lowered Killam Apartment REIT from a “buy” rating to a “hold” rating and set a C$20.50 price objective on the stock. in a research note on Monday, January 22nd. Royal Bank of Canada boosted their price objective on Killam Apartment REIT from C$23.00 to C$23.50 and gave the stock an “outperform” rating in a research note on Friday, February 16th. BMO Capital Markets boosted their price objective on Killam Apartment REIT from C$20.50 to C$22.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. Finally, Desjardins boosted their price objective on Killam Apartment REIT from C$22.00 to C$23.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$21.88.

Killam Apartment REIT Price Performance

Shares of KMP.UN stock opened at C$17.22 on Wednesday. The stock’s fifty day simple moving average is C$18.49 and its 200 day simple moving average is C$17.99. The company has a debt-to-equity ratio of 88.09, a current ratio of 0.08 and a quick ratio of 0.03. The firm has a market cap of C$2.04 billion, a price-to-earnings ratio of 7.65 and a beta of 1.05. Killam Apartment REIT has a one year low of C$15.36 and a one year high of C$20.13.

Killam Apartment REIT Company Profile

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.