Killam Apartment REIT (TSE:KMP.UN) had its price objective upped by equities researchers at BMO Capital Markets from C$17.00 to C$18.00 in a research note issued on Tuesday. BMO Capital Markets’ price objective indicates a potential upside of 11.80% from the stock’s previous close.

A number of other research firms have also recently commented on KMP.UN. National Bank Financial lifted their price objective on shares of Killam Apartment REIT from C$16.50 to C$17.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 22nd. Industrial Alliance Securities lifted their price objective on shares of Killam Apartment REIT from C$16.25 to C$17.00 in a research report on Tuesday, August 14th. Desjardins lifted their price objective on shares of Killam Apartment REIT from C$16.00 to C$16.50 in a research report on Friday, August 10th. TD Securities lifted their price objective on shares of Killam Apartment REIT from C$16.50 to C$17.50 and gave the stock a “buy” rating in a research report on Friday, August 10th. Finally, Canaccord Genuity lifted their price objective on shares of Killam Apartment REIT from C$15.85 to C$16.50 in a research report on Monday, October 29th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of C$17.58.

Shares of TSE:KMP.UN traded down C$0.07 during midday trading on Tuesday, hitting C$16.10. The stock had a trading volume of 120,020 shares, compared to its average volume of 214,499. Killam Apartment REIT has a 12 month low of C$12.04 and a 12 month high of C$14.76.

About Killam Apartment REIT

Killam Apartment Real Estate Investment Trust (REIT) is a Canada-based real estate investment trust. The Trust is engaged in owning, operating, managing and developing multi-family residential and manufactured home community (MHC) properties. Its segments include Apartment, MHC and Other. The Apartment segment acquires, operates, manages and develops multi-family residential properties across Canada and it includes building improvements; suite renovations; appliances; boilers and heating equipment; other; equipment; parking lots, and land improvements.

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Analyst Recommendations for Killam Apartment REIT (TSE:KMP.UN)

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