Killam Apartment REIT (TSE:KMP.UN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Killam Apartment REIT (TSE:KMP.UN) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$20.00.

Several equities analysts recently commented on the stock. BMO Capital Markets dropped their price target on shares of Killam Apartment REIT from C$20.00 to C$19.50 in a research report on Wednesday, November 12th. TD Securities lowered their price objective on shares of Killam Apartment REIT from C$21.00 to C$20.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Royal Bank Of Canada dropped their price objective on Killam Apartment REIT from C$22.00 to C$21.00 and set an “outperform” rating for the company in a report on Friday, February 13th. Canaccord Genuity Group reduced their target price on Killam Apartment REIT from C$20.00 to C$19.00 in a report on Thursday, November 6th. Finally, Raymond James Financial lowered their price target on 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, February 13th.

Killam Apartment REIT Stock Performance

TSE KMP.UN opened at C$16.99 on Friday. The business’s 50-day moving average price is C$17.08 and its 200 day moving average price is C$17.31. 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 has a twelve month low of C$15.48 and a twelve month high of C$19.80. The company has a market capitalization of C$2.08 billion, a PE ratio of 70.16 and a beta of 0.75.

Killam Apartment REIT (TSE:KMP.UN) last posted its quarterly earnings results on Friday, February 13th. The company reported C($1.17) EPS for the quarter. The business had revenue of C$96.26 million during the quarter. Killam Apartment REIT had a net margin of 86.91% and a return on equity of 12.07%. On average, research analysts predict that Killam Apartment REIT will post 1.2904074 earnings per share for the current year.

About Killam Apartment REIT

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.