In a latest note to investors, a research analyst has provided a rating update for the Killam Apartment REIT Un (KMP.UN). Yesterday, analyst Dean Wilkinson gave a Buy rating to KMP.UN and set a C$19 price target.
Wilkinson has an average return of 15.2% when recommending Killam Apartment REIT Un.
According to TipRanks.com, Wilkinson is ranked #308 out of 5163 analysts.
Currently, the analyst consensus on Killam Apartment REIT Un is a Strong Buy with an average price target of C$18.25.
Based on Killam Apartment REIT Un’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$44.26 million. In comparison, last year the company had a net profit of C$37.83 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$17.59, close to its 52-week high of C$17.96.
