Killam Apartment REIT (TSE:KMP.UN) Receives C$20.00 Average Price Target from Analysts

Killam Apartment REIT (TSE:KMP.UN) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$20.00.

A number of research firms have weighed in on KMP.UN. Royal Bank Of Canada decreased 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 report on Friday, February 13th. ATB Cormark Capital Markets dropped their price objective 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, February 13th. TD Securities decreased their price objective on shares of Killam Apartment REIT from C$21.00 to C$20.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Finally, Raymond James Financial dropped their price objective on shares of Killam Apartment REIT from C$20.25 to C$20.00 and set an “outperform” rating for the company in a report on Friday, February 13th.

Killam Apartment REIT Stock Down 0.2%

Shares of KMP.UN stock opened at C$16.35 on Friday. Killam Apartment REIT has a one year low of C$15.48 and a one year high of C$19.80. The company has a debt-to-equity ratio of 82.05, a current ratio of 0.10 and a quick ratio of 0.03. The stock has a fifty day moving average price of C$16.76 and a 200 day moving average price of C$16.97. The stock has a market cap of C$2.00 billion, a P/E ratio of 67.52 and a beta of 0.57.

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

Killam Apartment REIT Company Profile

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.