Killam Apartment REIT (TSE:KMP.UN) Stock Price Expected to Rise, TD Analyst Says

Killam Apartment REIT (TSE:KMP.UN) had its price target hoisted by equities researchers at TD from C$20.00 to C$21.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s target price would suggest a potential upside of 17.45% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. Raymond James Financial upped their price target on Killam Apartment REIT from C$20.00 to C$20.25 and gave the company an “outperform” rating in a research report on Friday. Royal Bank Of Canada upped their price objective on shares of Killam Apartment REIT from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Friday. Scotia raised their target price on shares of 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 lifted their target price on shares of Killam Apartment REIT from C$19.75 to C$20.00 and gave the company an “outperform” rating in a research report on Friday. Finally, TD Securities cut their price target on shares of Killam Apartment REIT from C$21.00 to C$20.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Killam Apartment REIT presently has a consensus rating of “Moderate Buy” and an average price target of C$20.23.

Killam Apartment REIT Stock Performance

Shares of TSE KMP.UN traded down C$0.35 during midday trading on Friday, hitting C$17.88. The company’s stock had a trading volume of 381,142 shares, compared to its average volume of 407,658. Killam Apartment REIT has a one year low of C$15.65 and a one year high of C$19.80. 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 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 fifty day moving average price of C$16.61 and a 200 day moving average price of C$16.84.

Killam Apartment REIT (TSE:KMP.UN) last posted 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 firm had revenue of C$96.68 million for the quarter. On average, research analysts forecast that Killam Apartment REIT will post 1.2904074 EPS 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.