Killam Apartment REIT (TSE:KMP.UN – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$20.14 and last traded at C$20.10, with a volume of 224437 shares trading hands. The stock had previously closed at C$19.69.
Analyst Ratings Changes
A number of brokerages recently issued reports on KMP.UN. Ventum Financial boosted their price target on Killam Apartment REIT from C$22.50 to C$23.00 in a report on Friday, August 9th. Royal Bank of Canada boosted their price target on Killam Apartment REIT from C$22.00 to C$23.00 in a report on Friday, August 9th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$21.93.
Check Out Our Latest Analysis on Killam Apartment REIT
Killam Apartment REIT Stock Down 0.7 %
Killam Apartment REIT Dividend Announcement
The firm also recently declared a monthly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 15th were given a dividend of $0.0583 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date was Wednesday, July 31st. Killam Apartment REIT’s payout ratio is presently 26.92%.
About Killam Apartment REIT
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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