Killam Apartment REIT (TSE:KMP.UN – Free Report) had its price objective increased by National Bankshares from C$22.75 to C$24.00 in a research note published on Wednesday morning, BayStreet.CA reports.
Several other equities research analysts have also weighed in on KMP.UN. Raymond James raised Killam Apartment REIT from an outperform rating to a strong-buy rating and lifted their price objective for the stock from C$22.50 to C$24.00 in a report on Friday, September 6th. TD Securities lifted their price objective on Killam Apartment REIT from C$22.00 to C$23.00 and gave the stock a buy rating in a report on Wednesday, September 4th. Royal Bank of Canada lifted their price objective on Killam Apartment REIT from C$22.00 to C$23.00 in a report on Friday, August 9th. Finally, Ventum Financial lifted their price objective on Killam Apartment REIT from C$22.50 to C$23.00 in a report on Friday, August 9th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Killam Apartment REIT currently has an average rating of Moderate Buy and a consensus price target of C$22.45.
Read Our Latest Stock Analysis on Killam Apartment REIT
Killam Apartment REIT Stock Performance
Killam Apartment REIT Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be given a $0.0583 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.70 dividend on an annualized basis and a yield of 3.56%. Killam Apartment REIT’s payout ratio is 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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