Killam Apartment REIT’s (KMP.UN) “Outperform” Rating Reaffirmed at National Bank Financial

National Bank Financial reiterated their outperform rating on shares of Killam Apartment REIT (TSE:KMP.UN) in a research note released on Wednesday, BayStreet.CA reports. They currently have a C$22.00 target price on the stock.

A number of other equities analysts have also commented on the company. Canaccord Genuity lifted their price objective on Killam Apartment REIT from C$19.75 to C$20.50 in a research note on Wednesday, September 4th. Royal Bank of Canada upped their price target on Killam Apartment REIT from C$20.00 to C$20.50 and gave the stock an outperform rating in a report on Thursday, August 15th. TD Securities upped their price target on Killam Apartment REIT from C$21.00 to C$22.00 and gave the stock a buy rating in a report on Thursday, August 15th. Laurentian set a C$19.75 price target on Killam Apartment REIT in a report on Thursday, August 15th. Finally, BMO Capital Markets upped their price target on Killam Apartment REIT from C$20.00 to C$21.75 and gave the stock an average rating in a report on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Killam Apartment REIT has an average rating of Buy and an average target price of C$20.72.

Shares of KMP.UN traded down C$0.04 during midday trading on Wednesday, reaching C$19.90. 73,388 shares of the stock were exchanged, compared to its average volume of 214,499. The company has a quick ratio of 0.02, a current ratio of 0.12 and a debt-to-equity ratio of 110.35. Killam Apartment REIT has a twelve month low of C$15.34 and a twelve month high of C$21.21. The company has a market cap of $1.83 billion and a P/E ratio of 10.06. The stock’s 50 day simple moving average is C$20.25 and its 200 day simple moving average is C$19.58.

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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