Killam Apartment REIT (TSE:KMP.UN – Free Report) had its price objective trimmed by National Bankshares from C$22.75 to C$21.50 in a report released on Wednesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.
A number of other analysts also recently commented on KMP.UN. Scotiabank dropped their price objective on Killam Apartment REIT from C$21.00 to C$20.50 and set a sector perform rating for the company in a report on Monday, March 25th. CIBC increased their price target on Killam Apartment REIT from C$20.00 to C$22.00 and gave the company an outperform rating in a report on Friday, February 16th. Laurentian downgraded Killam Apartment REIT from a buy rating to a hold rating and set a C$20.50 price target for the company. in a report on Monday, January 22nd. BMO Capital Markets increased their price target on Killam Apartment REIT from C$20.50 to C$22.00 and gave the company an outperform rating in a report on Tuesday, February 20th. Finally, Desjardins increased their price target on Killam Apartment REIT from C$22.00 to C$23.00 and gave the company a buy rating in a report on Friday, February 16th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of C$21.88.
Read Our Latest Research Report on KMP.UN
Killam Apartment REIT Trading Up 0.3 %
Killam Apartment REIT Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.0583 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date of this dividend is Monday, April 29th. Killam Apartment REIT’s payout ratio is 31.11%.
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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