In a new note to investors today, an analyst has provided a rating update for the Financial sector company, Killam Apartment REIT Un (TSX: KMP.UN). Analyst Mark Rothschild from Canaccord Genuity rated Killam Apartment REIT Un (TSX: KMP.UN) a Hold, setting a C$15.85 price target.
Rothschild has an average return of 14.1% when recommending Killam Apartment REIT Un.
According to TipRanks.com, Rothschild is ranked #389 out of 4850 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Killam Apartment REIT Un with a C$15.82 average price target.
Based on Killam Apartment REIT Un’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$68.91 million. In comparison, last year the company had a net profit of C$34.61 million.
Killam Apartment REIT engages in the ownership, management, and development of multi-family residential properties. It operates through the following segments: Apartments, Manufactured Home Communities, and Other. The Apartments segment includes property revenue, property operating expenses and fair value of investment property by region.
The company’s shares closed on Wednesday at C$15.45, close to its 52-week high of C$15.74.
