BMO Capital Markets Raises Killam Apartment REIT (TSE:KMP.UN) Price Target to C$20.00

Killam Apartment REIT (TSE:KMP.UN) had its price target upped by analysts at BMO Capital Markets from C$19.50 to C$20.00 in a research report issued on Monday,BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 12.11% from the company’s current price.

Separately, Raymond James decreased their target price on Killam Apartment REIT from C$22.25 to C$21.50 in a research note on Friday, February 14th.

Killam Apartment REIT Stock Performance

TSE:KMP.UN opened at C$17.84 on Monday. The company has a debt-to-equity ratio of 82.05, a quick ratio of 0.03 and a current ratio of 0.10. Killam Apartment REIT has a 52-week low of C$15.48 and a 52-week high of C$21.72. The firm has a market cap of C$2.12 billion, a price-to-earnings ratio of 6.86 and a beta of 1.10. The business’s fifty day moving average is C$17.03 and its 200 day moving average is C$17.25.

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.