Killam Apartment REIT (OTCMKTS:KMMPF) PT Lowered to C$22.50

Killam Apartment REIT (OTCMKTS:KMMPFGet Rating) had its price target lowered by equities researchers at Desjardins from C$25.00 to C$22.50 in a report issued on Wednesday, The Fly reports.

Several other analysts have also recently commented on KMMPF. BMO Capital Markets decreased their target price on Killam Apartment REIT from C$26.00 to C$24.00 in a research report on Friday, May 6th. Raymond James cut their target price on Killam Apartment REIT from C$24.00 to C$22.00 in a report on Monday. Canaccord Genuity Group cut their target price on Killam Apartment REIT from C$25.50 to C$23.50 and set a “buy” rating for the company in a research note on Friday, May 6th. Royal Bank of Canada lowered their price target on Killam Apartment REIT from C$25.50 to C$24.00 in a research report on Friday, May 6th. Finally, Scotiabank decreased their target price on Killam Apartment REIT from C$23.75 to C$23.00 in a report on Monday. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Killam Apartment REIT presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.48.

Killam Apartment REIT Price Performance

Shares of KMMPF remained flat at $13.98 during trading hours on Wednesday. The firm has a 50-day moving average of $13.33 and a 200 day moving average of $15.24. Killam Apartment REIT has a fifty-two week low of $12.75 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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Analyst Recommendations for Killam Apartment REIT (OTCMKTS:KMMPF)

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