Shares of Killam Apartment REIT (TSE:KMP.UN – Get Rating) have been assigned a consensus recommendation of “Buy” from the ten analysts that are presently covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have covered the stock in the last year is C$24.95.
Several brokerages recently issued reports on KMP.UN. CIBC boosted their price target on Killam Apartment REIT from C$25.50 to C$26.00 and gave the company an “outperform” rating in a research note on Friday, February 18th. Raymond James reissued an “outperform” rating and set a C$26.75 target price on shares of Killam Apartment REIT in a report on Thursday, February 17th. National Bankshares started coverage on Killam Apartment REIT in a research note on Monday, February 7th. They issued a “buy” rating and a C$27.00 price target for the company. Royal Bank of Canada upped their price objective on shares of Killam Apartment REIT from C$25.00 to C$25.50 and gave the stock an “outperform” rating in a research report on Tuesday, February 22nd. Finally, BMO Capital Markets raised their target price on shares of Killam Apartment REIT from C$25.50 to C$26.00 in a report on Tuesday, February 22nd.
TSE KMP.UN traded down C$0.03 during trading on Friday, reaching C$21.27. The company’s stock had a trading volume of 23,741 shares, compared to its average volume of 245,978. The firm has a 50 day moving average price of C$21.50 and a 200 day moving average price of C$22.18. Killam Apartment REIT has a 12 month low of C$18.54 and a 12 month high of C$24.15. The firm has a market capitalization of C$2.45 billion and a price-to-earnings ratio of 9.02. The company has a current ratio of 0.06, a quick ratio of 0.02 and a debt-to-equity ratio of 93.68.
Killam Apartment REIT Company Profile (Get Rating)
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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