The Financial sector company, Killam Apartment REIT Un (TSX: KMP.UN), has received a rating update from a Wall Street analyst yesterday. The company received a Buy rating from CIBC’s analyst Dean Wilkinson, with a C$16.50 price target.
Wilkinson has an average return of 11.2% when recommending Killam Apartment REIT Un.
According to TipRanks.com, Wilkinson is ranked #451 out of 4850 analysts.
Killam Apartment REIT Un has an analyst consensus of Moderate Buy, with a price target consensus of C$16.53, representing a 5.1% upside. In a report issued on August 8, TD Securities also reiterated a Buy rating on the stock with a C$17.50 price target.
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Killam Apartment REIT Un’s market cap is currently C$1.27B and has a P/E ratio of 8.2. The company has a Price to Book ratio of 1.24.
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$15.73, close to its 52-week high of C$15.79.
