Raymond James Financial Issues Pessimistic Forecast for Killam Apartment REIT (TSE:KMP.UN) Stock Price

Killam Apartment REIT (TSE:KMP.UN) had its target price cut by analysts at Raymond James Financial from C$20.25 to C$20.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s price target indicates a potential upside of 18.27% from the stock’s previous close.

A number of other equities analysts have also commented on KMP.UN. Canaccord Genuity Group dropped their price target on shares of Killam Apartment REIT from C$20.00 to C$19.00 in a research report on Thursday, November 6th. TD Securities cut their target price on shares of Killam Apartment REIT from C$22.00 to C$21.00 and set a “buy” rating for the company in a research report on Friday, December 12th. BMO Capital Markets decreased their price target on shares of Killam Apartment REIT from C$20.00 to C$19.50 in a report on Wednesday, November 12th. Royal Bank Of Canada dropped their price objective on Killam Apartment REIT from C$22.00 to C$21.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, ATB Cormark Capital Markets decreased their target price on Killam Apartment REIT from C$21.00 to C$20.00 and set an “outperform” rating for the company in a research note on Friday. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Killam Apartment REIT currently has a consensus rating of “Moderate Buy” and an average target price of C$20.00.

Killam Apartment REIT Trading Down 0.6%

Shares of TSE:KMP.UN opened at C$16.91 on Friday. The company has a current ratio of 0.10, a quick ratio of 0.03 and a debt-to-equity ratio of 82.05. The stock has a market capitalization of C$2.05 billion, a PE ratio of 3.77 and a beta of 0.75. Killam Apartment REIT has a 1 year low of C$15.48 and a 1 year high of C$19.80. The firm has a fifty day moving average price of C$17.02 and a 200 day moving average price of C$17.34.

Killam Apartment REIT (TSE:KMP.UN) last released its quarterly earnings results on Friday, February 13th. The company reported C($1.17) earnings per share (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 for the quarter. Analysts expect that Killam Apartment REIT will post 1.2904074 EPS for the current fiscal year.

Key Headlines Impacting Killam Apartment REIT

Here are the key news stories impacting Killam Apartment REIT this week:

• Positive Sentiment: Company highlights — management reported strong 2025 operating gains and emphasized a capital-recycling program that management says is improving operating performance and portfolio efficiency. This supports longer‑term cashflow and valuation recovery. Killam Apartment REIT Posts Strong 2025 Operating Gains Amid Capital Recycling Push
• Positive Sentiment: Quarterly operating metrics — the Q4/2025 report showed C$96.26M in revenue, a reported net margin of ~86.9% and ROE of 12.1%, signaling solid operating profitability even as reported EPS was affected by one‑time/non‑cash items. Investors may view the underlying operations as healthy. KILLAM APARTMENT REIT ANNOUNCES Q4-2025 AND 2025 OPERATING PERFORMANCE AND FINANCIAL RESULTS
• Neutral Sentiment: Analyst sentiment remains broadly positive — multiple firms (Raymond James, ATB Cormark, RBC, TD) kept Outperform/Buy ratings, indicating analysts still see upside (~18–25% from recent levels) despite the target trims. That keeps a constructive medium‑term narrative. Analyst Ratings
• Negative Sentiment: Price‑target cuts — several analysts trimmed targets: Raymond James C$20.25→C$20.00, ATB Cormark C$21.00→C$20.00, TD C$21.00→C$20.00 and RBC C$22.00→C$21.00. Even though ratings stayed positive, the cuts can push short‑term selling pressure and help explain the share decline. Analyst Ratings
• Negative Sentiment: Reported EPS distortion — the headline EPS was a loss (C$(1.17)) for the quarter, likely driven by non‑cash or one‑off items; headline negative EPS can trigger near‑term investor caution even when operating metrics look strong. Q4/2025 Results

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.