Killam Apartment REIT (TSE:KMP.UN – Get Free Report) had its price objective increased by research analysts at Raymond James from C$21.50 to C$22.00 in a report released on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ target price suggests a potential upside of 17.46% from the company’s current price.
KMP.UN has been the topic of several other reports. Laurentian downgraded shares of Killam Apartment REIT from a “buy” rating to a “hold” rating and set a C$20.50 price objective on the stock. in a research report on Monday, January 22nd. Royal Bank of Canada reduced their price objective on Killam Apartment REIT from C$23.50 to C$23.00 and set an “outperform” rating for the company in a research report on Thursday, November 9th. BMO Capital Markets lowered their target price on Killam Apartment REIT from C$21.00 to C$20.50 in a research report on Monday, November 13th. Desjardins set a C$22.00 price target on Killam Apartment REIT and gave the stock a “buy” rating in a research report on Friday, December 8th. Finally, Canaccord Genuity Group raised their price target on Killam Apartment REIT from C$20.00 to C$22.00 and gave the company a “buy” rating in a report on Wednesday, December 20th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$21.44.
Killam Apartment REIT Price Performance
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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