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

Killam Apartment REIT (TSE:KMP.UN) had its price objective lifted by equities research analysts at Scotia from C$19.50 to C$20.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “sector outperform” rating on the stock. Scotia’s price objective points to a potential upside of 11.86% from the company’s previous close.

Several other equities research analysts also recently commented on KMP.UN. Raymond James Financial decreased their price objective on Killam Apartment REIT from C$20.25 to C$20.00 and set an “outperform” rating for the company in a report on Friday, February 13th. Royal Bank Of Canada reduced their price target 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, February 13th. ATB Cormark Capital Markets lowered their price objective on shares of Killam Apartment REIT from C$21.00 to C$20.00 and set an “outperform” rating on the stock in a report on Friday, February 13th. Finally, TD Securities dropped 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 research note on Friday, February 13th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$20.23.

Killam Apartment REIT Stock Down 1.9%

Shares of TSE KMP.UN traded down C$0.35 during trading on Friday, hitting 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 price-to-earnings ratio of 73.84 and a beta of 0.60. The business’s fifty day moving average is C$16.61 and its 200 day moving average is C$16.84. 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$15.65 and a fifty-two week high of C$19.80.

Killam Apartment REIT (TSE:KMP.UN) last issued its earnings results on Thursday, May 7th. The company reported C$0.41 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 during the quarter. Equities research analysts predict that Killam Apartment REIT will post 1.2904074 earnings per share for the current fiscal 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.