BMO Capital Markets Lowers Killam Apartment REIT (TSE:KMP.UN) Price Target to C$19.50

Killam Apartment REIT (TSE:KMP.UN) had its target price lowered by research analysts at BMO Capital Markets from C$20.00 to C$19.50 in a report issued on Wednesday,BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 17.54% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on KMP.UN. Scotiabank decreased their price target on Killam Apartment REIT from C$20.75 to C$20.50 and set an “outperform” rating on the stock in a research report on Tuesday, August 12th. TD Securities boosted their price objective on shares of Killam Apartment REIT from C$21.00 to C$22.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Finally, Canaccord Genuity Group lowered their target price on shares of Killam Apartment REIT from C$20.00 to C$19.00 in a research note on Thursday, November 6th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Killam Apartment REIT has a consensus rating of “Moderate Buy” and a consensus price target of C$20.50.

Killam Apartment REIT Stock Performance

TSE:KMP.UN opened at C$16.59 on Wednesday. The business’s fifty day moving average is C$17.61 and its 200 day moving average is C$18.24. The firm has a market cap of C$2.01 billion, a price-to-earnings ratio of 3.69 and a beta of 0.91. The company has a debt-to-equity ratio of 82.05, a quick ratio of 0.03 and a current ratio of 0.10. Killam Apartment REIT has a 52-week low of C$15.48 and a 52-week high of C$19.80.

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.