Killam Apartment REIT (TSE:KMP.UN – Get Free Report) had its price target cut by analysts at CIBC from C$22.00 to C$20.00 in a note issued to investors on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s price target suggests a potential upside of 16.89% from the stock’s current price.
Several other equities research analysts have also recently weighed in on the stock. Raymond James reduced their target price on shares of Killam Apartment REIT from C$23.00 to C$21.25 in a research note on Wednesday, October 25th. Royal Bank of Canada reduced their price objective on Killam Apartment REIT from C$23.50 to C$23.00 and set an “outperform” rating for the company in a research report on Thursday. BMO Capital Markets boosted their price objective on Killam Apartment REIT from C$20.00 to C$21.00 in a research report on Monday, August 14th. Finally, National Bankshares upped their target price on Killam Apartment REIT from C$20.00 to C$20.50 and gave the company a “sector perform” rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$21.19.
Killam Apartment REIT Price Performance
About Killam Apartment REIT
Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential landlords, owning, operating, managing and developing a $2.8 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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