National Bankshares Boosts Killam Apartment REIT (TSE:KMP.UN) Price Target to C$24.00

Killam Apartment REIT (TSE:KMP.UN - Get Free Report) had its price objective lifted by analysts at National Bankshares from C$22.75 to C$24.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. National Bankshares' price objective indicates a potential upside of 21.40% from the company's previous close.

A number of other equities research analysts have also recently issued reports on KMP.UN. Raymond James raised shares of Killam Apartment REIT from an "outperform" rating to a "strong-buy" rating and boosted their target price for the company from C$22.50 to C$24.00 in a report on Friday, September 6th. TD Securities boosted their price objective on Killam Apartment REIT from C$22.00 to C$23.00 and gave the company a "buy" rating in a research note on Wednesday, September 4th. Royal Bank of Canada increased their price objective on Killam Apartment REIT from C$22.00 to C$23.00 in a report on Friday, August 9th. Finally, Ventum Financial lifted their target price on Killam Apartment REIT from C$22.50 to C$23.00 in a report on Friday, August 9th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$22.45.

Killam Apartment REIT Stock Performance

Shares of KMP.UN traded down C$0.01 during trading hours on Wednesday, hitting C$19.77. The company's stock had a trading volume of 170,722 shares, compared to its average volume of 250,786. The business has a 50 day simple moving average of C$19.97 and a two-hundred day simple moving average of C$18.41. Killam Apartment REIT has a 52-week low of C$15.36 and a 52-week high of C$21.72. The company has a debt-to-equity ratio of 82.05, a current ratio of 0.10 and a quick ratio of 0.03. The company has a market cap of C$2.35 billion, a price-to-earnings ratio of 7.60 and a beta of 1.09.

Killam Apartment REIT Company Profile

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.