TD Securities Lowers Killam Apartment REIT (TSE:KMP.UN) Price Target to C$22.00

Killam Apartment REIT (TSE:KMP.UN) had its price objective cut by analysts at TD Securities from C$23.00 to C$22.00 in a research note issued on Wednesday, BayStreet.CA reports. TD Securities’ target price would suggest a potential upside of 26.87% from the company’s previous close.

Other analysts have also recently issued reports about the company. BMO Capital Markets raised their price target on Killam Apartment REIT from C$20.50 to C$22.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. Royal Bank of Canada increased their price target on shares of Killam Apartment REIT from C$23.00 to C$23.50 and gave the company an “outperform” rating in a research note on Friday, February 16th. Laurentian cut shares of Killam Apartment REIT from a “buy” rating to a “hold” rating and set a C$20.50 target price for the company. in a report on Monday, January 22nd. National Bankshares boosted their price target on shares of Killam Apartment REIT from C$22.00 to C$22.75 and gave the company an “outperform” rating in a research report on Friday, February 16th. Finally, CIBC upped their target price on Killam Apartment REIT from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$21.88.

Killam Apartment REIT Stock Down 0.5 %

TSE KMP.UN traded down C$0.08 on Wednesday, hitting C$17.34. 92,431 shares of the stock were exchanged, compared to its average volume of 233,108. Killam Apartment REIT has a fifty-two week low of C$15.36 and a fifty-two week high of C$20.13. The company has a 50-day moving average price of C$18.58 and a 200-day moving average price of C$18.00. The company has a market cap of C$2.05 billion, a PE ratio of 7.71 and a beta of 1.05. The company has a quick ratio of 0.03, a current ratio of 0.08 and a debt-to-equity ratio of 88.09.

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.