Analysts have been quite happy with Killam Apartment REIT Un (KMP.UN) stock lately, with another positive rating update this time from RBC Capital. Analyst Neil Downey reiterated a Buy rating, with a C$18.50 price target today.
Downey has an average return of 12.5% when recommending Killam Apartment REIT Un.
According to TipRanks.com, Downey is ranked #429 out of 5167 analysts.
Killam Apartment REIT Un has an analyst consensus of Strong Buy, with a price target consensus of C$18.42, implying a 2.6% upside from current levels. In a report released yesterday, Raymond James also maintained a Buy rating on the stock with a C$19 price target.
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The company has a one-year high of C$17.96 and a one-year low of C$13. Currently, Killam Apartment REIT Un has an average volume of 262.7K.
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$17.95, close to its 52-week high of C$17.96.
