Killam Apartment REIT (TSE:KMP.UN) Given New C$20.00 Price Target at BMO Capital Markets

Killam Apartment REIT (TSE:KMP.UN - Get Free Report) had its price objective upped by equities researchers at BMO Capital Markets from C$19.50 to C$20.00 in a research report issued on Monday,BayStreet.CA reports. BMO Capital Markets' target price points to a potential upside of 12.49% from the stock's current price.

Separately, Raymond James decreased their price objective on shares of Killam Apartment REIT from C$22.25 to C$21.50 in a report on Friday, February 14th.

Killam Apartment REIT Stock Down 1.0%

KMP.UN traded down C$0.18 during trading on Monday, hitting C$17.78. 130,135 shares of the company's stock were exchanged, compared to its average volume of 379,150. Killam Apartment REIT has a fifty-two week low of C$15.48 and a fifty-two week high of C$21.72. The business's 50 day moving average is C$17.02 and its two-hundred day moving average is C$17.27. The company has a quick ratio of 0.03, a current ratio of 0.10 and a debt-to-equity ratio of 82.05. The stock has a market cap of C$2.12 billion, a P/E ratio of 6.84 and a beta of 1.10.

Killam Apartment REIT Company Profile

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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