The Financial sector company, Killam Apartment REIT Un (KMP.UN), has received a rating update from a Wall Street analyst today. The company received a Buy rating from National Bank’s analyst Matt Kornack, with a C$19.50 price target.
Kornack has an average return of 9.1% when recommending Killam Apartment REIT Un.
According to TipRanks.com, Kornack is ranked #1711 out of 5216 analysts.
Currently, the analyst consensus on Killam Apartment REIT Un is a Moderate Buy with an average price target of C$18.68, a 2.1% upside from current levels. In a report released yesterday, CIBC also reiterated 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$18.29 and a one-year low of C$13.35. Currently, Killam Apartment REIT Un has an average volume of 316.2K.
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 Thursday at C$18.30.