Killam Apartment REIT (TSE:KMP.UN) had its price objective upped by investment analysts at CIBC from C$16.50 to C$18.50 in a research report issued on Friday. CIBC’s price target points to a potential upside of 11.11% from the stock’s previous close.
Other research analysts also recently issued reports about the stock. Desjardins upped their target price on shares of Killam Apartment REIT from C$16.00 to C$16.50 in a research report on Friday, August 10th. Raymond James upgraded shares of Killam Apartment REIT from a “market perform” rating to an “outperform” rating and set a C$17.00 target price on the stock in a research report on Friday, August 10th. National Bank Financial upped their target price on shares of Killam Apartment REIT from C$16.50 to C$17.00 and gave the company an “outperform” rating in a research report on Wednesday, August 22nd. TD Securities upped their target price on shares of Killam Apartment REIT from C$16.50 to C$17.50 and gave the company a “buy” rating in a research report on Friday, August 10th. Finally, Canaccord Genuity upped their target price on shares of Killam Apartment REIT from C$15.85 to C$16.50 in a research report on Monday, October 29th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Killam Apartment REIT currently has an average rating of “Buy” and a consensus price target of C$17.33.
TSE KMP.UN traded up C$0.16 on Friday, hitting C$16.65. 109,442 shares of the company were exchanged, compared to its average volume of 214,499. Killam Apartment REIT has a 1-year low of C$12.04 and a 1-year high of C$14.76.
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.
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