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.
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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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