Brokerages Set Killam Apartment REIT (TSE:KMP.UN) Price Target at C$20.00

Shares of Killam Apartment REIT (TSE:KMP.UN) have received a consensus recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$20.00.

Several analysts have recently issued reports on the stock. Royal Bank Of Canada reduced their price target on shares of Killam Apartment REIT from C$22.00 to C$21.00 and set an “outperform” rating on the stock in a research report on Friday, February 13th. ATB Cormark Capital Markets cut their target price on shares of Killam Apartment REIT from C$21.00 to C$20.00 and set an “outperform” rating on the stock in a research note on Friday, February 13th. Raymond James Financial reduced their target price on shares of Killam Apartment REIT from C$20.25 to C$20.00 and set an “outperform” rating on the stock in a report on Friday, February 13th. Finally, TD Securities decreased their price target on shares of Killam Apartment REIT from C$21.00 to C$20.00 and set a “buy” rating for the company in a research report on Friday, February 13th.

Killam Apartment REIT Trading Down 1.5%

Shares of TSE KMP.UN opened at C$16.02 on Tuesday. 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$1.96 billion, a PE ratio of 66.16 and a beta of 0.57. Killam Apartment REIT has a twelve month low of C$15.48 and a twelve month high of C$19.80. The stock has a fifty day simple moving average of C$17.19 and a 200-day simple moving average of C$17.20.

Killam Apartment REIT (TSE:KMP.UN) last posted its earnings results on Friday, February 13th. The company reported C($1.17) earnings per share (EPS) for the quarter. The firm had revenue of C$96.26 million for the quarter. Killam Apartment REIT had a return on equity of 12.07% and a net margin of 86.91%. On average, equities analysts forecast that Killam Apartment REIT will post 1.2904074 earnings per share for the current year.

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.