Killam Apartment REIT Un Gets a Buy Rating from CIBC

By Carrie Williams

In a new note to investors on November 29, an analyst has provided a rating update for the Financial sector company, Killam Apartment REIT Un (TSX: KMP.UN). Analyst Dean Wilkinson from CIBC remains bullish on the stock and has a C$14.50 price target.

Wilkinson has an average return of 13.1% when recommending Killam Apartment REIT Un.

According to TipRanks.com, Wilkinson is ranked #538 out of 4737 analysts.

Currently, the analyst consensus on Killam Apartment REIT Un is Moderate Buy and the average price target is C$14.46, representing a 2.3% upside.

In a report issued on December 1, BMO Capital also reiterated a Buy rating on the stock with a C$15.25 price target.

Killam Apartment REIT Un’s market cap is currently C$1.05B and has a P/E ratio of 14.7.

Killam Apartment REIT engages in the ownership, management, and development of multi-family residential properties in Atlantic Canada Ontario and Ontario. It operates through the following segments: Apartments, Manufactured Home Communities, and Other.

The company’s shares closed on Friday at C$14.13, close to its 52-week high of C$14.38.