Killam Apartment REIT (TSE:KMP.UN) Price Target Increased to C$22.00 by Analysts at National Bank Financial

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Killam Apartment REIT (TSE:KMP.UN) had its price objective hoisted by National Bank Financial from C$21.00 to C$22.00 in a research report sent to investors on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other analysts also recently weighed in on the company. BMO Capital Markets boosted their target price on Killam Apartment REIT from C$19.00 to C$20.00 in a report on Monday, May 6th. Raymond James reissued an outperform rating and issued a C$21.00 target price on shares of Killam Apartment REIT in a report on Thursday. CIBC boosted their target price on Killam Apartment REIT from C$20.00 to C$21.00 in a report on Thursday. TD Securities boosted their price target on Killam Apartment REIT from C$21.00 to C$22.00 and gave the company a buy rating in a research report on Thursday. Finally, Laurentian set a C$19.75 price target on Killam Apartment REIT in a research report on Thursday. Five analysts have rated the stock with a buy rating, The stock has a consensus rating of Buy and an average price target of C$20.08.

Killam Apartment REIT stock opened at C$20.36 on Friday. Killam Apartment REIT has a fifty-two week low of C$15.34 and a fifty-two week high of C$20.02. The company has a debt-to-equity ratio of 105.80, a quick ratio of 0.02 and a current ratio of 0.07. The company has a market capitalization of $915.62 million and a P/E ratio of 13.58. The stock has a 50-day simple moving average of C$19.53 and a 200-day simple moving average of C$18.88.

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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