Killam Apartment REIT (TSE:KMP.UN) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts give Killam Apartment REIT an average recommendation of "Moderate Buy" (five buys, one hold) with an average 1‑year price target of C$20.00, though several firms trimmed targets to C$20–21 on Feb. 13.
• The stock opened at C$16.38 and trades below analyst targets; the REIT has a market cap of C$2.0B, a PE of 67.64, a debt‑to‑equity ratio of 82.05, and a 12‑month range of C$15.48–C$19.80.
• In the latest quarter Killam reported EPS of C($1.17) on C$96.26M revenue (net margin 86.91%, ROE 12.07%), while analysts forecast about 1.29 EPS for the current year.

Shares of Killam Apartment REIT (TSE:KMP.UN - Get Free Report) have received an average recommendation of "Moderate Buy" from the six ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$20.00.

A number of research firms recently weighed in on KMP.UN. ATB Cormark Capital Markets dropped their price target on 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 decreased their price objective on shares of Killam Apartment REIT from C$21.00 to C$20.00 and set a "buy" rating on the stock in a report on Friday, February 13th. Raymond James Financial dropped their price objective on shares of Killam Apartment REIT from C$20.25 to C$20.00 and set an "outperform" rating on the stock in a research report on Friday, February 13th. Finally, Royal Bank Of Canada reduced their target price on shares of Killam Apartment REIT from C$22.00 to C$21.00 and set an "outperform" rating for the company in a report on Friday, February 13th.

Killam Apartment REIT Price Performance

Shares of TSE KMP.UN opened at C$16.38 on Friday. The business's 50 day moving average price is C$16.78 and its two-hundred day moving average price is C$16.99. The company has a market cap of C$2.00 billion, a PE ratio of 67.64 and a beta of 0.57. The company has a quick ratio of 0.03, a current ratio of 0.10 and a debt-to-equity ratio of 82.05. Killam Apartment REIT has a twelve month low of C$15.48 and a twelve month high of C$19.80.

Killam Apartment REIT (TSE:KMP.UN - Get Free Report) last released its quarterly earnings data on Friday, February 13th. The company reported C($1.17) 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 business had revenue of C$96.26 million during the quarter. On average, analysts predict that Killam Apartment REIT will post 1.2904074 EPS for the current year.

Killam Apartment REIT Company Profile

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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