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

Killam Apartment REIT (TSE:KMP.UN) had its price objective decreased by research analysts at Raymond James from C$22.25 to C$21.50 in a research note issued on Friday,BayStreet.CA reports. Raymond James’ target price would suggest a potential upside of 33.04% from the company’s previous close.

Separately, Royal Bank of Canada dropped their price target on shares of Killam Apartment REIT from C$24.50 to C$23.50 in a research note on Friday, November 8th. One 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 stock. Based on data from MarketBeat.com, Killam Apartment REIT currently has an average rating of “Buy” and an average target price of C$22.50.

Killam Apartment REIT Price Performance

KMP.UN opened at C$16.16 on Friday. 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 business has a fifty day moving average of C$16.95 and a 200 day moving average of C$18.58. The stock has a market cap of C$1.92 billion, a P/E ratio of 6.22 and a beta of 1.10. Killam Apartment REIT has a 52-week low of C$15.83 and a 52-week 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.