Killam Apartment REIT (TSE:KMP.UN – Get Free Report) had its price target boosted by equities researchers at National Bankshares from C$22.75 to C$24.00 in a note issued to investors on Wednesday, BayStreet.CA reports. National Bankshares’ price objective points to a potential upside of 21.58% from the stock’s previous close.
Several other analysts also recently issued reports on KMP.UN. Ventum Financial boosted their price target on Killam Apartment REIT from C$22.50 to C$23.00 in a research note on Friday, August 9th. Royal Bank of Canada boosted their target price on shares of Killam Apartment REIT from C$22.00 to C$23.00 in a research report on Friday, August 9th. Raymond James upgraded shares of Killam Apartment REIT from an “outperform” rating to a “strong-buy” rating and upped their price target for the company from C$22.50 to C$24.00 in a research note on Friday, September 6th. Finally, TD Securities lifted their price objective on shares of Killam Apartment REIT from C$22.00 to C$23.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$22.45.
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Killam Apartment REIT Stock 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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