A Wall Street analyst has provided a review for the Financial company today, but retained the same rating on the stock. Analyst Jonathan Kelcher from TD Securities reiterated a Buy rating on Killam Apartment REIT Un (KMP.UN), with a C$18.50 price target.
Kelcher has an average return of 15.3% when recommending Killam Apartment REIT Un.
According to TipRanks.com, Kelcher is ranked #952 out of 4918 analysts.
Currently, the analyst consensus on Killam Apartment REIT Un is a Moderate Buy with an average price target of C$17.16, which is a 4.5% 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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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 Wednesday at C$16.42, close to its 52-week high of C$16.71.
