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RBC Capital Believes Killam Apartment REIT Un (KMP.UN) Still Has Room to Grow


A Wall Street analyst has provided a review for the Financial company today, but retained the same rating on the stock. RBC Capital’s analyst Neil Downey reiterates their Buy rating on the shares of Killam Apartment REIT Un (KMP.UN), with a C$17.50 price target.

Downey has an average return of 10.1% when recommending Killam Apartment REIT Un.

According to TipRanks.com, Downey is ranked #528 out of 4912 analysts.

Currently, the analyst consensus on Killam Apartment REIT Un is a Moderate Buy with an average price target of C$17.28, a 3.5% 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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Killam Apartment REIT Un’s market cap is currently C$1.4B and has a P/E ratio of 8.9. The company has a Price to Book ratio of 1.26.

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$16.70, close to its 52-week high of C$16.71.