Killam Apartment REIT (KMP.UN) Receives C$15.96 Consensus Target Price from Analysts

Shares of Killam Apartment REIT (TSE:KMP.UN) have been assigned a consensus recommendation of “Buy” from the nine analysts that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$15.96.

Several equities analysts have issued reports on KMP.UN shares. Royal Bank of Canada raised Killam Apartment REIT from a “sector perform” rating to an “outperform” rating and set a C$15.00 price objective on the stock in a report on Wednesday, April 18th. National Bank Financial increased their target price on shares of Killam Apartment REIT from C$14.75 to C$15.50 and gave the stock an “outperform” rating in a research note on Tuesday, April 24th. Desjardins increased their target price on shares of Killam Apartment REIT from C$15.50 to C$16.00 in a research note on Friday, May 11th. CIBC increased their target price on shares of Killam Apartment REIT from C$15.00 to C$15.50 in a research note on Friday, May 11th. Finally, TD Securities increased their target price on shares of Killam Apartment REIT from C$15.50 to C$16.50 and gave the stock a “buy” rating in a research note on Friday, May 11th.

Shares of Killam Apartment REIT traded down C$0.21, hitting C$14.78, during mid-day trading on Tuesday, Marketbeat.com reports. 1,680,786 shares of the stock were exchanged, compared to its average volume of 214,499. Killam Apartment REIT has a 12-month low of C$12.04 and a 12-month high of C$14.76.

About Killam Apartment REIT

Killam Apartment Real Estate Investment Trust (REIT) is a Canada-based real estate investment trust. The Trust is engaged in owning, operating, managing and developing multi-family residential and manufactured home community (MHC) properties. Its segments include Apartment, MHC and Other. The Apartment segment acquires, operates, manages and develops multi-family residential properties across Canada and it includes building improvements; suite renovations; appliances; boilers and heating equipment; other; equipment; parking lots, and land improvements.

Analyst Recommendations for Killam Apartment REIT (TSE:KMP.UN)

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