Killam Apartment REIT (TSE:KMP.UN – Get Free Report) has received a consensus rating of “Moderate Buy” from the ten brokerages that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$21.93.
Several analysts recently weighed in on the stock. Royal Bank of Canada lifted their price target on shares of Killam Apartment REIT from C$23.50 to C$24.00 in a report on Thursday, May 9th. National Bankshares cut their price target on shares of Killam Apartment REIT from C$22.75 to C$21.50 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. Raymond James cut their price target on shares of Killam Apartment REIT from C$22.75 to C$21.75 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. Finally, TD Securities lowered their price objective on Killam Apartment REIT from C$23.00 to C$22.00 in a research report on Wednesday, April 24th.
Check Out Our Latest Analysis on KMP.UN
Killam Apartment REIT Stock Down 0.4 %
Killam Apartment REIT Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 15th will be given a $0.0583 dividend. This represents a $0.70 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend is Wednesday, July 31st. Killam Apartment REIT’s dividend payout ratio is presently 26.82%.
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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