Industrial Alliance Securities Raises Killam Apartment REIT (KMP.UN) Price Target to C$17.00

Killam Apartment REIT (TSE:KMP.UN) had its target price boosted by Industrial Alliance Securities from C$16.25 to C$17.00 in a research report released on Tuesday.

Several other research analysts have also recently weighed in on KMP.UN. TD Securities boosted 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. Desjardins boosted 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. National Bank Financial restated an outperform rating and issued a C$16.00 price objective on shares of Killam Apartment REIT in a research report on Wednesday, June 27th. Raymond James upgraded shares of Killam Apartment REIT from a market perform rating to an outperform rating and set a C$17.00 price objective for the company in a research report on Friday, August 10th. Finally, CIBC upped their target price on shares of Killam Apartment REIT from C$15.00 to C$15.50 in a research report on Friday, May 11th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of Buy and an average price target of C$16.47.

KMP.UN stock opened at C$15.77 on Tuesday. Killam Apartment REIT has a fifty-two week low of C$12.04 and a fifty-two week high of C$14.76.



The firm also recently announced a monthly dividend, which will be paid on Wednesday, August 15th. Shareholders of record on Wednesday, August 15th will be given a dividend of $0.0533 per share. This represents a $0.64 annualized dividend and a dividend yield of 4.06%. The ex-dividend date is Monday, July 30th.

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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