Weekly Investment Analysts’ Ratings Changes for Killam Apartment REIT (KMP.UN)

A number of research firms have changed their ratings and price targets for Killam Apartment REIT (TSE: KMP.UN):

  • 5/6/2019 – Killam Apartment REIT had its price target raised by analysts at Royal Bank of Canada from C$18.50 to C$20.00. They now have an “outperform” rating on the stock.
  • 5/6/2019 – Killam Apartment REIT had its price target raised by analysts at Raymond James from C$19.00 to C$21.00. They now have an “outperform” rating on the stock.
  • 5/6/2019 – Killam Apartment REIT had its price target raised by analysts at BMO Capital Markets from C$19.00 to C$20.00.
  • 5/3/2019 – Killam Apartment REIT had its price target raised by analysts at CIBC from C$19.00 to C$20.00.

KMP.UN stock opened at C$18.77 on Thursday. The company has a debt-to-equity ratio of 118.85, a current ratio of 0.07 and a quick ratio of 0.02. Killam Apartment REIT has a 52-week low of C$12.04 and a 52-week high of C$14.76. The stock has a market cap of $1.61 billion and a price-to-earnings ratio of 9.46.

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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