In a latest note to investors, a research analyst has provided a rating update for the Killam Apartment REIT Un (KMP.UN). The company received a Hold yesterday from Scotiabank’s analyst Mario Saric, with a C$17.25 price target.
According to TipRanks.com, Saric is ranked #1330 out of 4883 analysts.
Currently, the analyst consensus on Killam Apartment REIT Un is a Strong Buy with an average price target of C$17.69, implying a 6.8% upside from current levels. In a report issued on October 28, Canaccord Genuity also reiterated a Hold rating on the stock with a C$16.50 price target.
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The company has a one-year high of C$16.83 and a one-year low of C$12.59. Currently, Killam Apartment REIT Un has an average volume of 163.1K.
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 Monday at C$16.57, close to its 52-week high of C$16.83.
