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CIBC Believes Killam Apartment REIT Un (KMP.UN) Still Has Room to Grow


Today, an analyst has provided a rating update for the Financial sector company, Killam Apartment REIT Un (KMP.UN). The company received a Buy rating from CIBC’s analyst Dean Wilkinson, with a C$18.50 price target.

Wilkinson has an average return of 13.3% when recommending Killam Apartment REIT Un.

According to TipRanks.com, Wilkinson is ranked #327 out of 4912 analysts.

Killam Apartment REIT Un has an analyst consensus of Strong Buy, with a price target consensus of C$17.53, representing a 5.4% upside. In a report issued on November 1, National Bank also maintained a Buy rating on the stock with a C$18 price target.

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Killam Apartment REIT Un’s market cap is currently C$1.4B and has a P/E ratio of 8.9. The company has a Price to Book ratio of 1.26.

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 Friday at C$16.63, close to its 52-week high of C$16.71.