TD Securities Lowers Killam Apartment REIT (TSE:KMP.UN) Price Target to C$20.00

Killam Apartment REIT (TSE:KMP.UN) had its price target lowered by analysts at TD Securities from C$21.00 to C$20.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 19.05% from the company’s current price.

Other research analysts have also recently issued reports about the company. Atb Cormark Cm 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 note on Friday. Royal Bank Of Canada lowered their price objective on shares of Killam Apartment REIT from C$22.00 to C$21.00 and set an “outperform” rating for the company in a research report on Friday. Raymond James Financial dropped their price target on Killam Apartment REIT from C$20.25 to C$20.00 and set an “outperform” rating on the stock in a research note on Friday. BMO Capital Markets decreased their price objective on Killam Apartment REIT from C$20.00 to C$19.50 in a report on Wednesday, November 12th. Finally, Canaccord Genuity Group cut their target price on Killam Apartment REIT from C$20.00 to C$19.00 in a research note on Thursday, November 6th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$20.00.

Killam Apartment REIT Trading Down 1.3%

TSE:KMP.UN traded down C$0.22 during mid-day trading on Friday, hitting C$16.80. The company had a trading volume of 471,287 shares, compared to its average volume of 384,119. The company has a debt-to-equity ratio of 82.05, a quick ratio of 0.03 and a current ratio of 0.10. Killam Apartment REIT has a fifty-two week low of C$15.48 and a fifty-two week high of C$19.80. The firm has a market cap of C$2.04 billion, a P/E ratio of 3.74 and a beta of 0.75. The business’s fifty day moving average is C$17.00 and its two-hundred day moving average is C$17.36.

Killam Apartment REIT (TSE:KMP.UN) last released its quarterly earnings data on Friday, February 13th. The company reported C($1.17) earnings per share for the quarter. Killam Apartment REIT had a return on equity of 12.07% and a net margin of 86.91%.The firm had revenue of C$96.26 million for the quarter. As a group, research analysts expect that Killam Apartment REIT will post 1.2904074 earnings per share 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.