BMO Capital Markets Boosts Killam Apartment REIT (TSE:KMP.UN) Price Target to C$21.75

Killam Apartment REIT (TSE:KMP.UN) had its target price upped by BMO Capital Markets from C$20.00 to C$21.75 in a research report report published on Monday morning, AnalystRatings.com reports. They currently have an average rating on the stock.

Other research analysts have also recently issued reports about the stock. Royal Bank of Canada boosted their target price on shares of Killam Apartment REIT from C$20.00 to C$20.50 and gave the company an outperform rating in a research note on Thursday, August 15th. Laurentian set a C$19.75 target price on shares of Killam Apartment REIT in a research note on Thursday, August 15th. CIBC boosted their target price on shares of Killam Apartment REIT from C$20.00 to C$21.00 in a research note on Thursday, August 15th. National Bank Financial boosted their target price on shares of Killam Apartment REIT from C$21.00 to C$22.00 and gave the company an outperform rating in a research note on Friday, August 16th. Finally, Raymond James restated an outperform rating and set a C$21.00 price target on shares of Killam Apartment REIT in a research note on Thursday, August 15th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of C$20.28.

KMP.UN opened at C$20.56 on Monday. The company has a quick ratio of 0.02, a current ratio of 0.12 and a debt-to-equity ratio of 110.35. The stock has a market cap of $924.62 million and a price-to-earnings ratio of 10.39. Killam Apartment REIT has a twelve month low of C$15.34 and a twelve month high of C$20.93. The company’s 50-day moving average price is C$19.74 and its two-hundred day moving average price is C$18.96.

About Killam Apartment REIT

Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential landlords, owning, operating, managing and developing a $2.8 billion portfolio of apartments and manufactured home communities. Killam's strategy to enhance value and profitability focuses on three priorities: 1) increasing earnings from existing operations, 2) expanding the portfolio and diversifying geographically through accretive acquisitions, with an emphasis on newer properties, and 3) developing high-quality properties in its core markets.

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Analyst Recommendations for Killam Apartment REIT (TSE:KMP.UN)

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