In a new note to investors today, an analyst has provided a rating update for the Financial sector company, Killam Apartment REIT Un (KMP.UN). Analyst Ken Avalos from Raymond James rated Killam Apartment REIT Un (KMP.UN) a Buy, setting a C$19 price target.
Avalos has an average return of 11.4% when recommending Killam Apartment REIT Un.
According to TipRanks.com, Avalos is ranked #598 out of 5163 analysts.
Killam Apartment REIT Un has an analyst consensus of Strong Buy, with a price target consensus of C$18.40, a 3.1% 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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Killam Apartment REIT Un’s market cap is currently C$1.5B and has a P/E ratio of 8.9. The company has a Price to Book ratio of 1.33.
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$17.84, close to its 52-week high of C$17.96.
