Killam Apartment REIT (TSE:KMP.UN) had its price target increased by National Bank Financial from C$14.00 to C$14.75 in a report issued on Thursday morning. The brokerage currently has an outperform rating on the stock.
Several other equities research analysts have also commented on KMP.UN. Canaccord Genuity lowered Killam Apartment REIT from a buy rating to a hold rating in a research report on Monday, October 30th. Desjardins restated a buy rating and set a C$14.50 target price on shares of Killam Apartment REIT in a research report on Tuesday, November 7th. Finally, TD Securities upped their target price on Killam Apartment REIT from C$14.50 to C$15.50 and gave the company a buy rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of C$14.25.
Shares of Killam Apartment REIT (TSE KMP.UN) opened at C$13.64 on Thursday. Killam Apartment REIT has a one year low of C$11.57 and a one year high of C$14.10.
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The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 15th will be given a dividend of $0.0517 per share. The ex-dividend date is Monday, October 30th. This represents a $0.62 annualized dividend and a dividend yield of 4.55%.
Killam Apartment REIT Company Profile
Killam Apartment Real Estate Investment Trust (REIT) is a Canada-based real estate investment trust. The Trust is engaged in owning, operating, managing and developing multi-family residential and manufactured home community (MHC) properties. Its segments include Apartment, MHC and Other. The Apartment segment acquires, operates, manages and develops multi-family residential properties across Canada and it includes building improvements; suite renovations; appliances; boilers and heating equipment; other; equipment; parking lots, and land improvements.
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