Killam Apartment REIT (TSE:KMP.UN) had its price target raised by Raymond James from C$17.00 to C$18.00 in a research report sent to investors on Friday. Raymond James currently has an outperform rating on the stock.
Several other equities research analysts have also recently issued reports on KMP.UN. TD Securities raised their target price on shares of Killam Apartment REIT from C$16.50 to C$17.50 and gave the stock a buy rating in a report on Friday, August 10th. Desjardins raised their target price on shares of Killam Apartment REIT from C$16.00 to C$16.50 in a report on Friday, August 10th. Industrial Alliance Securities raised their target price on shares of Killam Apartment REIT from C$16.25 to C$17.00 in a report on Tuesday, August 14th. BMO Capital Markets raised their target price on shares of Killam Apartment REIT from C$16.50 to C$17.00 in a report on Friday, August 17th. Finally, National Bank Financial raised their target price on shares of Killam Apartment REIT from C$16.50 to C$17.00 and gave the stock an outperform rating in a report on Wednesday, August 22nd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average target price of C$17.33.
KMP.UN stock traded up C$0.14 on Friday, hitting C$16.63. The company had a trading volume of 161,406 shares, 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.
Killam Apartment REIT Company Profile
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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