Killam Apartment REIT (OTCMKTS:KMMPF) Price Target Cut to C$21.50 by Analysts at Royal Bank of Canada

Killam Apartment REIT (OTCMKTS:KMMPFGet Rating) had its target price trimmed by Royal Bank of Canada from C$22.00 to C$21.50 in a research report sent to investors on Friday morning, The Fly reports.

KMMPF has been the topic of a number of other reports. Raymond James boosted their price target on shares of Killam Apartment REIT from C$20.75 to C$21.00 in a report on Thursday, November 10th. Desjardins cut their price target on shares of Killam Apartment REIT from C$25.00 to C$22.50 in a report on Wednesday, August 17th. Scotiabank cut their price target on shares of Killam Apartment REIT from C$23.00 to C$21.50 in a report on Thursday, November 10th. TD Securities upped their price objective on shares of Killam Apartment REIT from C$21.00 to C$22.00 in a report on Friday, August 12th. Finally, National Bank Financial dropped their price objective on shares of Killam Apartment REIT from C$25.00 to C$19.25 in a report on Wednesday, July 20th.

Killam Apartment REIT Price Performance

Shares of OTCMKTS:KMMPF opened at $12.03 on Friday. The company’s 50-day moving average is $11.71 and its 200 day moving average is $13.02. Killam Apartment REIT has a fifty-two week low of $10.75 and a fifty-two week high of $18.62.

Killam Apartment REIT Company Profile

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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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