Killam Apartment REIT (OTCMKTS:KMMPF) Given New C$23.75 Price Target at Scotiabank

Killam Apartment REIT (OTCMKTS:KMMPFGet Rating) had its price objective cut by Scotiabank from C$24.75 to C$23.75 in a report released on Friday morning, The Fly reports.

A number of other equities analysts have also recently weighed in on the company. Canaccord Genuity Group reduced their price target on Killam Apartment REIT from C$26.50 to C$25.50 and set a buy rating for the company in a report on Wednesday, April 6th. TD Securities reduced their price target on Killam Apartment REIT from C$26.00 to C$25.00 in a report on Friday. Royal Bank of Canada upped their price target on Killam Apartment REIT from C$25.00 to C$25.50 in a report on Tuesday, February 22nd. Raymond James upped their price target on Killam Apartment REIT from C$26.75 to C$27.00 in a report on Friday, February 18th. Finally, BMO Capital Markets upped their price target on Killam Apartment REIT from C$25.50 to C$26.00 in a report on Tuesday, February 22nd. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Buy and an average price target of $25.02.

Shares of KMMPF stock remained flat at $$14.45 on Friday. Killam Apartment REIT has a 52-week low of $14.45 and a 52-week high of $18.62. The stock has a 50-day simple moving average of $16.75 and a 200 day simple moving average of $17.42.

Killam Apartment REIT Company Profile (Get Rating)

Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential landlords, owning, operating, managing and developing a $3.6 billion portfolio of apartments and manufactured home communities. Killam's strategy to enhance value and profitability focuses on three priorities: 1) increasing earnings from existing operations, 2) expanding the portfolio and diversifying geographically through accretive acquisitions, with an emphasis on newer properties, and 3) developing high-quality properties in its core markets.

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