CIBC Reiterates a Buy Rating on Killam Apartment REIT Un (KMP.UN)

By Ryan Adsit

The Financial sector company, Killam Apartment REIT Un (KMP.UNResearch Report), has received a rating update from a Wall Street analyst yesterday. Analyst Dean Wilkinson from CIBC rated Killam Apartment REIT Un (KMP.UNResearch Report) a Buy, setting a C$19 price target.

Wilkinson has an average return of 15.5% when recommending Killam Apartment REIT Un.

According to TipRanks.com, Wilkinson is ranked #275 out of 5216 analysts.

Killam Apartment REIT Un has an analyst consensus of Moderate Buy, with a price target consensus of C$18.68.

The company has a one-year high of C$18.29 and a one-year low of C$13.35. Currently, Killam Apartment REIT Un has an average volume of 315.8K.

Killam Apartment REIT engages in the ownership, management and development of multi-family residential properties. It operates through the following segments: Apartments, Manufactured Home Communities, and Other. The Apartments segment includes property revenue, property operating expenses and fair value of investment property by region.

The company’s shares closed on Thursday at C$18.43.