According to the Daily Quint, analysts at Scotiabank has increased the price target for Killam Properties Inc. (TSE:KMP.UN) from C$13.00 to C$13.25 in a research note issued on Friday. The firm currently has a “Sector Perform” rating on the stock.
In addition to Scotiabank, other research firms have commented on Killam in recent months:
- CIBC increased their target price on shares from C$12.25 to C$13.25 in a research report on May 12th.
- TD Securities increased their target price on shares from C$13.00 to C$14.00 and gave the stock a “buy” rating on May 12th.
- RBC Capital increased their target price on shares from C$12.00 to C$13.00 and gave the stock an “Outperform” rating May 12th.
- Canaccord Genuity boosted their target price on shares from C$12.00 to C$13.25 and gave the stock a “buy” rating in a research report May 11th.
Killam announced a distribution in August of $0.05 per unit was paid on September 15th to unit holders of record on August 31st.
In their Q2 2016 earnings report on August 3rd, Killam reported 9.5% growth in FFO per unit, a $98 million dollar equity raise and $57 million of acquisitions completed. Details from the report can be found here.
In addition to multifamily apartments, Killam owns 35 manufactured home communities in Atlantic Canada and Ontario. Killam is part of the Daily Business News market report, for today’s closing numbers and full report, click here. ##
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Submitted by RC Williams to the Daily Business News on MHProNews.