Laurentian set a C$19.75 price objective on Killam Apartment REIT (TSE:KMP.UN) in a report issued on Thursday morning, BayStreet.CA reports.
Other equities analysts have also issued reports about the stock. BMO Capital Markets lifted their price target on shares of Killam Apartment REIT from C$19.00 to C$20.00 in a report on Monday, May 6th. Royal Bank of Canada lifted their price target on shares of Killam Apartment REIT from C$20.00 to C$20.50 and gave the stock an outperform rating in a report on Thursday. Raymond James reaffirmed an outperform rating and issued a C$21.00 price target on shares of Killam Apartment REIT in a report on Thursday. Finally, CIBC lifted their price target on shares of Killam Apartment REIT from C$20.00 to C$21.00 in a report on Thursday. Five research analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and a consensus price target of C$20.08.
TSE KMP.UN opened at C$20.36 on Thursday. The firm’s fifty day simple moving average is C$19.53 and its two-hundred day simple moving average is C$18.88. The company has a current ratio of 0.07, a quick ratio of 0.02 and a debt-to-equity ratio of 105.80. Killam Apartment REIT has a 12-month low of C$15.34 and a 12-month high of C$20.02. The firm has a market capitalization of $915.62 million and a P/E ratio of 13.58.
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 Story: How is a buy-side analyst different from a sell-side analyst?
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.