Raymond James Cuts Killam Apartment REIT (TSE:KMP.UN) Price Target to C$21.50

Killam Apartment REIT (TSE:KMP.UN) had its price objective reduced by stock analysts at Raymond James from C$22.25 to C$21.50 in a note issued to investors on Friday,BayStreet.CA reports. Raymond James’ price target points to a potential upside of 32.39% from the stock’s previous close.

Separately, Royal Bank of Canada lowered their price target on Killam Apartment REIT from C$24.50 to C$23.50 in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$22.50.

Killam Apartment REIT Trading Down 2.6 %

Shares of KMP.UN stock traded down C$0.43 on Friday, reaching C$16.24. 407,085 shares of the stock were exchanged, compared to its average volume of 379,463. The stock has a market cap of C$1.93 billion, a P/E ratio of 6.25 and a beta of 1.10. The company has a quick ratio of 0.03, a current ratio of 0.10 and a debt-to-equity ratio of 82.05. The firm has a 50 day moving average of C$17.03 and a two-hundred day moving average of C$18.61. Killam Apartment REIT has a 1-year low of C$15.83 and a 1-year high of C$21.72.

Killam Apartment REIT Company Profile

Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential landlords, owning, operating, managing and developing a $2.8 billion portfolio of apartments and manufactured home communities. Killam's strategy to enhance value and profitability focuses on three priorities: 1) increasing earnings from existing operations, 2) expanding the portfolio and diversifying geographically through accretive acquisitions, with an emphasis on newer properties, and 3) developing high-quality properties in its core markets.