National Bank Financial Forecasts Strong Price Appreciation for Killam Apartment REIT (TSE:KMP.UN) Stock

Key Points

• National Bank Financial raised its price target on Killam Apartment REIT to C$20.00 from C$19.75 and kept an outperform rating, implying about 11.9% upside from the current share price.
• Other analysts were also broadly positive, with several firms maintaining or raising targets around C$20.00 and the stock carrying a Moderate Buy consensus with a C$20.23 average target.
• The shares fell 1.9% to C$17.88 despite the upbeat outlook, while the company recently reported C$0.41 EPS for the quarter and revenue of C$96.68 million.

Killam Apartment REIT (TSE:KMP.UN - Get Free Report) had its price target lifted by analysts at National Bank Financial from C$19.75 to C$20.00 in a report released on Friday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. National Bank Financial's target price would suggest a potential upside of 11.86% from the stock's current price.

Other equities research analysts also recently issued reports about the company. Scotia lifted their price objective on Killam Apartment REIT from C$19.50 to C$20.00 and gave the stock a "sector outperform" rating in a report on Friday. Raymond James Financial dropped their price target on shares of Killam Apartment REIT from C$20.25 to C$20.00 and set an "outperform" rating for the company in a research note on Friday, February 13th. Royal Bank Of Canada reduced their price objective on shares of Killam Apartment REIT from C$22.00 to C$21.00 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 for the company in a report on Friday, February 13th. Finally, ATB Cormark Capital Markets dropped their target price on shares of 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. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$20.23.

Killam Apartment REIT Stock Down 1.9%

TSE:KMP.UN traded down C$0.35 on Friday, reaching C$17.88. The stock had a trading volume of 381,142 shares, compared to its average volume of 407,658. The company has a 50-day moving average of C$16.61 and a 200 day moving average of C$16.84. The company has a current ratio of 0.10, a quick ratio of 0.03 and a debt-to-equity ratio of 82.05. The stock has a market cap of C$2.18 billion, a P/E ratio of 73.84 and a beta of 0.60. Killam Apartment REIT has a 12-month low of C$15.65 and a 12-month high of C$19.80.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.