The Globe and Mail reports in its Tuesday, Aug. 25, edition that Killam Properties ($9.67) recently posted solid earnings as it benefited from favourable year over year comparables helped by lower energy prices. The Globe's Gillian Livingston, Ahmad Hathout and Seres Lu write in the Eye On Equities column that Killam's net operating income came in 3 per cent above Dundee Capital Markets' estimates. The brokerage said in a note: "We believe Killam possesses a strong management team who should be able to execute on their strategy, as well as a high quality portfolio. Some of the REIT's core Atlantic Canada markets, notably Halifax, are finally showing signs of improvement. In addition, year over year same-store metrics, notably in Halifax (representing 40 per cent of KMP's portfolio), were impressive in the first half of 2015." Dundee upgraded Killam stock to "buy" from "neutral" and raised its price target to $11.50 from $11. Analysts on average target the shares at $11.50. Canaccord Genuity analyst Mark Rothschild boosted his rating on Killam to "buy" from "hold" in the Eye column on May 8. The Canaccord stockpicker maintained his share target at $11.50. The shares could then be had for $10.68.