Killam Apartment REIT (KMP.UN) Sets New 12-Month High at $18.92

Killam Apartment REIT (TSE:KMP.UN) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$18.92 and last traded at C$18.83, with a volume of 347629 shares changing hands. The stock had previously closed at C$18.77.

Several equities research analysts have issued reports on the stock. BMO Capital Markets boosted their price objective on shares of Killam Apartment REIT from C$19.00 to C$20.00 in a research report on Monday, May 6th. CIBC boosted their price objective on shares of Killam Apartment REIT from C$19.00 to C$20.00 in a research report on Friday, May 3rd. National Bank Financial boosted their price objective on shares of Killam Apartment REIT from C$18.00 to C$19.50 and gave the company an “outperform” rating in a research report on Tuesday, February 12th. Raymond James boosted their price objective on shares of Killam Apartment REIT from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research report on Thursday, February 14th. Finally, TD Securities boosted their price objective on shares of Killam Apartment REIT from C$18.50 to C$19.50 and gave the company a “buy” rating in a research report on Thursday, February 14th. Five analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus price target of C$19.11.

The company has a debt-to-equity ratio of 118.85, a quick ratio of 0.02 and a current ratio of 0.07. The firm has a market cap of $1.62 billion and a P/E ratio of 9.49.

TRADEMARK VIOLATION WARNING: “Killam Apartment REIT (KMP.UN) Sets New 12-Month High at $18.92” was first posted by Baseball Daily News and is the property of of Baseball Daily News. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.baseballdailydigest.com/news/2019/05/16/killam-apartment-reit-kmp-un-sets-new-12-month-high-at-18-92.html.

About Killam Apartment REIT (TSE:KMP.UN)

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.

Featured Article: What is the Coverage Ratio?

Receive News & Ratings for Killam Apartment REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Killam Apartment REIT and related companies with MarketBeat.com's FREE daily email newsletter.