In a new note to investors today, an analyst has provided a rating update for Killam Apartment REIT Un (KMP.UN). Desjardins’ analyst Michael Markidis reiterates their Buy rating on the shares, with a C$18 price target.
Markidis has an average return of 10.2% when recommending Killam Apartment REIT Un.
According to TipRanks.com, Markidis is ranked #603 out of 4900 analysts.
Killam Apartment REIT Un has an analyst consensus of Strong Buy, with a price target consensus of C$17.75, which is a 6.6% upside from current levels. In a report issued on November 1, National Bank also maintained a Buy rating on the stock with a C$18 price target.
.
Based on Killam Apartment REIT Un’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$27.12 million. In comparison, last year the company had a net profit of C$14.65 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 Monday at C$16.65, close to its 52-week high of C$16.78.
