Killam Apartment REIT (TSE:KMP.UN) Given New C$20.25 Price Target at Raymond James Financial

Key Points

• Raymond James Financial raised its price target on Killam Apartment REIT to C$20.25 from C$20.00 and kept an outperform rating, implying about 13.3% upside from the current price.
• Other analysts were mixed but mostly positive: several firms trimmed or raised targets to around C$20.00–C$22.00, and the stock now has an overall Moderate Buy consensus with an average target of C$20.23.
• The stock fell 1.9% to C$17.88 on Friday, while the company reported C$0.41 EPS in its latest quarter and revenue of C$96.68 million.

Killam Apartment REIT (TSE:KMP.UN - Get Free Report) had its price objective increased by equities researchers at Raymond James Financial from C$20.00 to C$20.25 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Raymond James Financial's target price would suggest a potential upside of 13.26% from the stock's current price.

Several other research firms also recently issued reports on KMP.UN. ATB Cormark Capital Markets dropped their price target on shares of Killam Apartment REIT from C$21.00 to C$20.00 and set an "outperform" rating on the stock in a research note on Friday, February 13th. TD Securities lowered their target price on Killam Apartment REIT from C$21.00 to C$20.00 and set a "buy" rating for the company in a research note on Friday, February 13th. National Bank Financial lifted their target price on Killam Apartment REIT from C$19.75 to C$20.00 and gave the stock an "outperform" rating in a research report on Friday. Scotia boosted their price target on Killam Apartment REIT from C$19.50 to C$20.00 and gave the stock a "sector outperform" rating in a research note on Friday. Finally, Royal Bank Of Canada increased their price target on Killam Apartment REIT from C$21.00 to C$22.00 and gave the company an "outperform" rating in a report on Friday. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$20.23.

Killam Apartment REIT Stock Down 1.9%

Killam Apartment REIT stock traded down C$0.35 during midday trading on Friday, hitting C$17.88. 381,142 shares of the company were exchanged, compared to its average volume of 407,658. The company has a market cap of C$2.18 billion, a PE ratio of 73.84 and a beta of 0.60. Killam Apartment REIT has a fifty-two week low of C$15.65 and a fifty-two week high of C$19.80. The company's fifty day moving average price is C$16.61 and its 200-day moving average price is C$16.84. The company has a debt-to-equity ratio of 82.05, a current ratio of 0.10 and a quick ratio of 0.03.

Killam Apartment REIT (TSE:KMP.UN - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$0.41 earnings per share (EPS) for the quarter. Killam Apartment REIT had a net margin of 86.91% and a return on equity of 12.07%. The company had revenue of C$96.68 million for the quarter. On average, research analysts predict that Killam Apartment REIT will post 1.2904074 EPS for the current fiscal year.

About Killam Apartment REIT

Killam Apartment Real Estate Investment Trust is an open-ended mutual fund trust. The company specializes in the acquisition, management, and development of multi-residential apartment buildings and manufactured home communities (MHC). It has three main operating segments, Apartment segment, MHC segment, and Commercial segments. Apartment segment acquires, operates, manages and develops multi-family residential properties across Canada. MHC segment acquires and operates MHC communities in Ontario and Eastern Canada, and Commercial segment includes more than seven commercial properties.

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