TD Securities Trims Killam Apartment REIT (OTCMKTS:KMMPF) Target Price to C$25.00

Killam Apartment REIT (OTCMKTS:KMMPFGet Rating) had its price target lowered by TD Securities from C$26.00 to C$25.00 in a research note released on Friday, The Fly reports.

Several other research firms also recently weighed in on KMMPF. National Bank Financial cut their price target on Killam Apartment REIT from C$27.00 to C$25.00 in a research note on Wednesday, April 27th. Royal Bank of Canada increased their price objective on Killam Apartment REIT from C$25.00 to C$25.50 in a report on Tuesday, February 22nd. BMO Capital Markets increased their price objective on Killam Apartment REIT from C$25.50 to C$26.00 in a report on Tuesday, February 22nd. Canaccord Genuity Group dropped their price objective on Killam Apartment REIT from C$26.50 to C$25.50 and set a buy rating on the stock in a report on Wednesday, April 6th. Finally, Raymond James increased their price objective on Killam Apartment REIT from C$26.75 to C$27.00 in a report on Friday, February 18th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Buy and a consensus target price of $25.02.

Shares of KMMPF stock remained flat at $$14.45 on Friday. Killam Apartment REIT has a fifty-two week low of $14.45 and a fifty-two week high of $18.62. The firm’s 50-day moving average is $16.75 and its 200-day moving average is $17.42.

About Killam Apartment REIT (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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