Raymond James Lowers Killam Apartment REIT (TSE:KMP.UN) Price Target to C$22.25

Killam Apartment REIT (TSE:KMP.UN) had its target price decreased by equities research analysts at Raymond James from C$23.50 to C$22.25 in a note issued to investors on Monday,BayStreet.CA reports. Raymond James’ price objective would suggest a potential upside of 32.52% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Royal Bank of Canada reduced their target price on shares of Killam Apartment REIT from C$24.50 to C$23.50 in a research note on Friday, November 8th. National Bankshares raised their price objective on shares of Killam Apartment REIT from C$22.75 to C$24.00 in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$22.38.

Killam Apartment REIT Stock Performance

TSE:KMP.UN opened at C$16.79 on Monday. The firm has a market capitalization of C$2.00 billion, a PE ratio of 6.46 and a beta of 1.10. The stock’s fifty day moving average is C$17.72 and its 200 day moving average is C$18.74. Killam Apartment REIT has a fifty-two week low of C$16.59 and a fifty-two week high of C$21.72. The company has a debt-to-equity ratio of 82.05, a quick ratio of 0.03 and a current ratio of 0.10.

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.