Scotiabank Cuts Killam Apartment REIT (OTCMKTS:KMMPF) Price Target to C$23.00

Killam Apartment REIT (OTCMKTS:KMMPFGet Rating) had its price objective decreased by Scotiabank from C$23.75 to C$23.00 in a report published on Monday, The Fly reports.

A number of other analysts have also weighed in on the stock. Canaccord Genuity Group lowered their price target on shares of Killam Apartment REIT from C$25.50 to C$23.50 and set a buy rating for the company in a report on Friday, May 6th. National Bank Financial lowered their target price on shares of Killam Apartment REIT from C$25.00 to C$19.25 in a report on Wednesday, July 20th. Royal Bank of Canada lowered their target price on shares of Killam Apartment REIT from C$25.50 to C$24.00 in a report on Friday, May 6th. Desjardins lowered their target price on shares of Killam Apartment REIT from C$26.00 to C$25.00 in a report on Monday, May 9th. Finally, BMO Capital Markets lowered their target price on shares of Killam Apartment REIT from C$26.00 to C$24.00 in a report on Friday, May 6th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Killam Apartment REIT currently has an average rating of Moderate Buy and an average price target of $23.48.

Killam Apartment REIT Price Performance

Shares of Killam Apartment REIT stock opened at $13.98 on Monday. The firm has a 50 day simple moving average of $13.28 and a 200 day simple moving average of $15.21. Killam Apartment REIT has a fifty-two week low of $12.75 and a fifty-two week high of $18.62.

About Killam Apartment REIT

(Get Rating)

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.

Featured Stories

The Fly logo

Analyst Recommendations for Killam Apartment REIT (OTCMKTS:KMMPF)

Receive News & Ratings for Killam Apartment REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Killam Apartment REIT and related companies with MarketBeat.com's FREE daily email newsletter.