The Financial sector company, Killam Apartment REIT Un (KMP.UN), has received a rating update from a Wall Street analyst today. Analyst Matt Kornack from National Bank reiterated a Buy rating, with a C$19.50 price target.
Kornack has an average return of 10.5% when recommending Killam Apartment REIT Un.
According to TipRanks.com, Kornack is ranked #2025 out of 5178 analysts.
Killam Apartment REIT Un has an analyst consensus of Strong Buy, with a price target consensus of C$18.57, representing a 4.1% upside. In a report issued on February 14, Raymond James also maintained a Buy rating on the stock with a C$19 price target.
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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 Friday at C$17.84, close to its 52-week high of C$17.96.
