Killam Apartment REIT (TSE:KMP.UN – Free Report) had its target price cut by National Bankshares from C$22.75 to C$21.50 in a research report released on Wednesday, BayStreet.CA reports. They currently have an outperform rating on the stock.
Several other research analysts have also recently weighed in on KMP.UN. TD Securities dropped their price objective on shares of Killam Apartment REIT from C$23.00 to C$22.00 in a research report on Wednesday. CIBC lifted their target price on shares of Killam Apartment REIT from C$20.00 to C$22.00 and gave the stock an outperform rating in a report on Friday, February 16th. Desjardins lifted their target price on shares of Killam Apartment REIT from C$22.00 to C$23.00 and gave the stock a buy rating in a report on Friday, February 16th. Laurentian lowered shares of Killam Apartment REIT from a buy rating to a hold rating and set a C$20.50 target price for the company. in a report on Monday, January 22nd. Finally, Royal Bank of Canada lifted their target price on shares of Killam Apartment REIT from C$23.00 to C$23.50 and gave the stock an outperform rating in a report on Friday, February 16th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of C$21.88.
Check Out Our Latest Report on Killam Apartment REIT
Killam Apartment REIT Stock Performance
Killam Apartment REIT Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th will be paid a $0.0583 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend is Monday, April 29th. Killam Apartment REIT’s payout ratio is presently 31.11%.
Killam Apartment REIT Company Profile
Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential landlords, owning, operating, managing and developing a $2.8 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.
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