Killam Apartment REIT (TSE:KMP.UN - Get Free Report) had its price target decreased by analysts at Raymond James from C$22.25 to C$21.50 in a research report issued on Friday,BayStreet.CA reports. Raymond James' price target suggests a potential upside of 32.72% from the company's current price.
Separately, Royal Bank of Canada dropped their price target on shares of Killam Apartment REIT from C$24.50 to C$23.50 in a research report on Friday, November 8th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Killam Apartment REIT presently has a consensus rating of "Buy" and an average target price of C$22.50.
Check Out Our Latest Stock Report on KMP.UN
Killam Apartment REIT Price Performance
Killam Apartment REIT stock traded up C$0.04 during midday trading on Friday, reaching C$16.20. 541,112 shares of the company were exchanged, compared to its average volume of 398,452. The company has a market capitalization of C$1.93 billion, a price-to-earnings ratio of 6.23 and a beta of 1.10. Killam Apartment REIT has a 1 year low of C$15.83 and a 1 year high of C$21.72. 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 firm's 50-day simple moving average is C$16.91 and its 200-day simple moving average is C$18.55.
Killam Apartment REIT Company Profile
(
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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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