Killam Apartment REIT (TSE:KMP.UN) Price Target Raised to C$21.00 at TD

Key Points

• TD raised its price target on Killam Apartment REIT to C$21.00 from C$20.00 and kept a buy rating, implying about 17.45% upside from the prior close.
• Other analysts remain generally positive, with several firms nudging targets around C$20.00 and the stock holding a Moderate Buy consensus with a C$20.23 average target price.
• Killam Apartment REIT shares fell 1.9% to C$17.88, while the company recently reported C$0.41 EPS for the quarter on revenue of C$96.68 million.

Killam Apartment REIT (TSE:KMP.UN - Get Free Report) had its target price lifted by investment analysts at TD from C$20.00 to C$21.00 in a research report issued on Friday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. TD's price objective would suggest a potential upside of 17.45% from the stock's previous close.

A number of other brokerages have also commented on KMP.UN. ATB Cormark Capital Markets decreased their target price on Killam Apartment REIT from C$21.00 to C$20.00 and set an "outperform" rating for the company in a research report on Friday, February 13th. Scotia raised their price objective on Killam Apartment REIT from C$19.50 to C$20.00 and gave the company a "sector outperform" rating in a research note on Friday. National Bank Financial boosted their price objective on Killam Apartment REIT from C$19.75 to C$20.00 and gave the company an "outperform" rating in a report on Friday. TD Securities lowered their target price on Killam Apartment REIT from C$21.00 to C$20.00 and set a "buy" rating on the stock in a research report on Friday, February 13th. Finally, Raymond James Financial lifted their price target on shares of Killam Apartment REIT from C$20.00 to C$20.25 and gave the company an "outperform" rating in a research report on Friday. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Killam Apartment REIT presently has an average rating of "Moderate Buy" and a consensus target price of C$20.23.

Killam Apartment REIT Stock Down 1.9%

Shares of Killam Apartment REIT stock traded down C$0.35 during trading on Friday, reaching C$17.88. 381,142 shares of the company traded hands, compared to its average volume of 407,658. The firm has a market capitalization of C$2.18 billion, a PE ratio of 73.84 and a beta of 0.60. Killam Apartment REIT has a 1-year low of C$15.65 and a 1-year high of C$19.80. The company has a 50 day moving average price of C$16.61 and a 200-day moving average price of 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 results on Thursday, May 7th. The company reported C$0.41 EPS for the quarter. Killam Apartment REIT had a net margin of 86.91% and a return on equity of 12.07%. The business had revenue of C$96.68 million during the quarter. As a group, equities research analysts expect that Killam Apartment REIT will post 1.2904074 earnings per share 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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