Killam Apartment REIT (TSE:KMP.UN – Free Report) had its price objective lowered by Raymond James from C$22.75 to C$21.75 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 several other research reports. Royal Bank of Canada lifted their price objective on 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. CIBC lifted their price objective on Killam Apartment REIT from C$20.00 to C$22.00 and gave the company an outperform rating in a research note on Friday, February 16th. TD Securities lifted their price objective on Killam Apartment REIT from C$21.00 to C$23.00 and gave the company a buy rating in a research note on Friday, February 16th. BMO Capital Markets lifted their price objective on Killam Apartment REIT from C$20.50 to C$22.00 and gave the company an outperform rating in a research note on Tuesday, February 20th. Finally, Laurentian cut Killam Apartment REIT from a buy rating to a hold rating and set a C$20.50 price objective on the stock. in a report on Monday, January 22nd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of C$21.88.
Check Out Our Latest Analysis on Killam Apartment REIT
Killam Apartment REIT Price Performance
Killam Apartment REIT Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th will be paid a $0.0583 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.70 dividend on an annualized basis and a yield of 4.05%. Killam Apartment REIT’s dividend payout ratio (DPR) 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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