Killam Apartment REIT (TSE:KMP.UN) had its target price hoisted by Raymond James from C$19.00 to C$21.00 in a research report released on Monday, BayStreet.CA reports. They currently have an outperform rating on the stock.
KMP.UN has been the subject of a number of other research reports. TD Securities lifted their price objective on shares of Killam Apartment REIT from C$18.50 to C$19.50 and gave the stock a buy rating in a report on Thursday, February 14th. Royal Bank of Canada raised their target price on Killam Apartment REIT from C$17.50 to C$18.50 in a research note on Friday, February 15th. BMO Capital Markets raised their target price on Killam Apartment REIT from C$18.00 to C$19.00 and gave the company an outperform rating in a research note on Tuesday, March 12th. CIBC raised their target price on Killam Apartment REIT from C$18.50 to C$19.00 in a research note on Thursday, February 14th. Finally, National Bank Financial set a C$19.50 target price on Killam Apartment REIT and gave the company an outperform rating in a research note on Thursday, March 7th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Killam Apartment REIT has an average rating of Buy and an average target price of C$18.78.
Killam Apartment REIT stock opened at C$18.77 on Monday. The firm has a market capitalization of $1.61 billion and a price-to-earnings ratio of 9.46. The company has a debt-to-equity ratio of 118.85, a current ratio of 0.07 and a quick ratio of 0.02. Killam Apartment REIT has a 12 month low of C$12.04 and a 12 month high of C$14.76.
About Killam Apartment REIT
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.
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