Killam Apartment REIT (TSE:KMP.UN – Free Report) had its price objective trimmed by National Bankshares from C$22.75 to C$21.50 in a research note published on Wednesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
KMP.UN has been the subject of a number of other reports. CIBC increased their price target on shares of Killam Apartment REIT from C$20.00 to C$22.00 and gave the company an outperform rating in a report on Friday, February 16th. Royal Bank of Canada increased their price objective on shares of Killam Apartment REIT from C$23.00 to C$23.50 and gave the company an outperform rating in a research note on Friday, February 16th. Desjardins increased their price objective on shares of Killam Apartment REIT from C$22.00 to C$23.00 and gave the company a buy rating in a research note on Friday, February 16th. Scotiabank dropped their price objective on shares of Killam Apartment REIT from C$21.00 to C$20.50 and set a sector perform rating for the company in a research note on Monday, March 25th. Finally, Raymond James dropped their price objective on shares of Killam Apartment REIT from C$22.75 to C$21.75 and set an outperform rating for the company in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of C$21.88.
View Our Latest Stock Analysis on Killam Apartment REIT
Killam Apartment REIT Price Performance
Killam Apartment REIT Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.0583 per share. 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 dividend payout ratio is currently 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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