Killam Apartment REIT (TSE:KMP.UN) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Killam Apartment REIT (TSE:KMP.UN) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$20.00.

A number of research firms recently weighed in on KMP.UN. TD Securities cut their target price 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. Raymond James Financial cut their target price 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 note on Friday, February 13th. Royal Bank Of Canada cut their target price 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. Finally, ATB Cormark Capital Markets cut their target price on shares of 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.

Killam Apartment REIT Stock Up 1.8%

Shares of KMP.UN opened at C$16.67 on Friday. The stock has a market capitalization of C$2.04 billion, a PE ratio of 68.84 and a beta of 0.57. Killam Apartment REIT has a 1 year low of C$15.48 and a 1 year high of C$19.80. The company has a debt-to-equity ratio of 82.05, a quick ratio of 0.03 and a current ratio of 0.10. The company’s 50-day simple moving average is C$16.73 and its 200-day simple moving average is C$16.95.

Killam Apartment REIT (TSE:KMP.UN) last released its earnings results 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. Analysts forecast 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.