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

Shares of Killam Apartment REIT (TSE:KMP.UN) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$20.00.

A number of research analysts recently issued reports on KMP.UN shares. Raymond James Financial decreased 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. Royal Bank Of Canada lowered their price objective on shares of Killam Apartment REIT from C$22.00 to C$21.00 and set an “outperform” rating for the company in a research 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 on the stock in a research note on Friday, February 13th. Finally, TD Securities reduced their target price on Killam Apartment REIT from C$21.00 to C$20.00 and set a “buy” rating on the stock in a report on Friday, February 13th.

Killam Apartment REIT Trading Up 1.0%

TSE:KMP.UN opened at C$16.28 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. 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 market capitalization of C$1.99 billion, a price-to-earnings ratio of 67.23 and a beta of 0.57. The business’s 50-day moving average price is C$17.17 and its two-hundred day moving average price is C$17.17.

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 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, equities analysts expect 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.