Killam Apartment REIT (TSE:KMP.UN) Price Target Cut to C$20.00 by Analysts at TD Securities

Killam Apartment REIT (TSE:KMP.UN) had its price target lowered by investment analysts at TD Securities from C$21.00 to C$20.00 in a report released on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 19.05% from the stock’s previous close.

Several other research firms also recently commented on KMP.UN. Royal Bank Of Canada decreased their price target on shares of Killam Apartment REIT from C$22.00 to C$21.00 and set an “outperform” rating on the stock in a research note on Friday. BMO Capital Markets decreased their target price on shares of Killam Apartment REIT from C$20.00 to C$19.50 in a research report on Wednesday, November 12th. Raymond James Financial dropped their price target on shares of Killam Apartment REIT from C$20.25 to C$20.00 and set an “outperform” rating for the company in a research report on Friday. Atb Cormark Cm cut their price target on Killam Apartment REIT from C$21.00 to C$20.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Canaccord Genuity Group dropped their price objective on Killam Apartment REIT from C$20.00 to C$19.00 in a report on Thursday, November 6th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$20.00.

Killam Apartment REIT Stock Performance

KMP.UN stock traded down C$0.22 during mid-day trading on Friday, hitting C$16.80. 471,287 shares of the company were exchanged, compared to its average volume of 384,119. Killam Apartment REIT has a 1-year low of C$15.48 and a 1-year high of C$19.80. The stock has a market capitalization of C$2.04 billion, a PE ratio of 3.74 and a beta of 0.75. The business has a 50 day simple moving average of C$17.00 and a 200-day simple moving average of C$17.36. 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 (TSE:KMP.UN) last announced its earnings results on Friday, February 13th. The company reported C($1.17) earnings per share for the quarter. Killam Apartment REIT had a return on equity of 12.07% and a net margin of 86.91%.The firm had revenue of C$96.26 million for the quarter. On average, equities analysts forecast 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.