Raymond James Financial Cuts Killam Apartment REIT (TSE:KMP.UN) Price Target to C$20.00

Killam Apartment REIT (TSE:KMP.UN) had its price objective dropped 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 brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s price objective would indicate a potential upside of 19.05% from the stock’s previous close.

KMP.UN has been the topic of a number of other research reports. Royal Bank Of Canada cut their price objective 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. 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. TD Securities cut their price target on shares of Killam Apartment REIT from C$22.00 to C$21.00 and set a “buy” rating on the stock in a report on Friday, December 12th. BMO Capital Markets decreased their price objective on Killam Apartment REIT from C$20.00 to C$19.50 in a report on Wednesday, November 12th. Finally, Atb Cormark Cm dropped their target price on 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. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$20.00.

Killam Apartment REIT Stock Down 1.3%

Shares of TSE KMP.UN traded down C$0.22 during midday trading on Friday, reaching C$16.80. 471,287 shares of the company’s stock traded hands, compared to its average volume of 384,119. The company has a market cap of C$2.04 billion, a price-to-earnings ratio of 3.74 and a beta of 0.75. The stock’s 50 day simple moving average is C$17.00 and its 200-day simple moving average is C$17.36. The company has a quick ratio of 0.03, a current ratio of 0.10 and a debt-to-equity ratio of 82.05. Killam Apartment REIT has a one year low of C$15.48 and a one year high of C$19.80.

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