Killam Apartment REIT (TSE:KMP.UN – Get Free Report) had its target price decreased by analysts at TD Securities from C$23.00 to C$22.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. TD Securities’ target price suggests a potential upside of 26.87% from the company’s current price.
KMP.UN has been the topic of a number of other reports. Royal Bank of Canada raised their target price on shares of Killam Apartment REIT from C$23.00 to C$23.50 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Laurentian downgraded Killam Apartment REIT from a “buy” rating to a “hold” rating and set a C$20.50 price objective on the stock. in a report on Monday, January 22nd. BMO Capital Markets upped their target price on Killam Apartment REIT from C$20.50 to C$22.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. CIBC increased their price target on Killam Apartment REIT from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Finally, National Bankshares lifted their price objective on Killam Apartment REIT from C$22.00 to C$22.75 and gave the company an “outperform” rating in a report on Friday, February 16th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$21.88.
View Our Latest Stock Analysis on KMP.UN
Killam Apartment REIT Trading Down 0.5 %
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.
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