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Raymond James Maintains Their Buy Rating on Killam Apartment REIT Un (KMP.UN)


A Wall Street analyst has provided a review for the Financial company today, but retained the same rating on the stock. Raymond James’ analyst Ken Avalos reiterates their Buy rating on the shares of Killam Apartment REIT Un (KMP.UN), with a C$18 price target.

Avalos has an average return of 7.4% when recommending Killam Apartment REIT Un.

According to TipRanks.com, Avalos is ranked #1196 out of 4912 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Killam Apartment REIT Un with a C$17.53 average price target, a 5.4% 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.

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Based on Killam Apartment REIT Un’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$34.86 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 Friday at C$16.63, close to its 52-week high of C$16.71.