Shares of Killam Apartment REIT (TSE:KMP.UN – Get Free Report) have received an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$21.93.
KMP.UN has been the topic of a number of research analyst reports. TD Securities cut their price target on Killam Apartment REIT from C$23.00 to C$22.00 in a report on Wednesday, April 24th. National Bankshares decreased their target price on shares of Killam Apartment REIT from C$22.75 to C$21.50 and set an “outperform” rating for the company in a research report on Wednesday, April 24th. Royal Bank of Canada boosted their target price on shares of Killam Apartment REIT from C$22.00 to C$23.00 in a research report on Friday, August 9th. Ventum Financial boosted their target price on shares of Killam Apartment REIT from C$22.50 to C$23.00 in a research report on Friday, August 9th. Finally, Raymond James decreased their target price 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 report on Wednesday, April 24th.
Read Our Latest Stock Report on KMP.UN
Killam Apartment REIT Stock Performance
Killam Apartment REIT Dividend Announcement
The firm also recently declared a monthly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 15th were paid a dividend of $0.0583 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date was Wednesday, July 31st. Killam Apartment REIT’s payout ratio is currently 26.92%.
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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