Killam Apartment REIT (OTCMKTS:KMMPF) Price Target Cut to C$25.00

Killam Apartment REIT (OTCMKTS:KMMPFGet Rating) had its price target decreased by Desjardins from C$26.00 to C$25.00 in a research note issued on Monday, The Fly reports.

Several other research analysts have also recently issued reports on KMMPF. Canaccord Genuity Group lowered their target price on shares of Killam Apartment REIT from C$25.50 to C$23.50 and set a “buy” rating for the company in a report on Friday. Royal Bank of Canada lowered their target price on shares of Killam Apartment REIT from C$25.50 to C$24.00 in a report on Friday. BMO Capital Markets reduced their price target on shares of Killam Apartment REIT from C$26.00 to C$24.00 in a research report on Friday. TD Securities reduced their price target on shares of Killam Apartment REIT from C$26.00 to C$25.00 in a research report on Friday. Finally, Raymond James upped their price target on shares of Killam Apartment REIT from C$26.75 to C$27.00 in a research 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, the company presently has an average rating of “Buy” and an average target price of $24.75.

Shares of Killam Apartment REIT stock remained flat at $$14.45 during trading hours on Monday. The business’s 50-day simple moving average is $16.75 and its 200 day simple moving average is $17.42. Killam Apartment REIT has a fifty-two week low of $14.45 and a fifty-two week high of $18.62.

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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