Killam Apartment REIT (TSE:KMP.UN – Free Report) had its price target increased by Royal Bank of Canada from C$22.00 to C$23.00 in a report released on Friday, BayStreet.CA reports.
KMP.UN has been the topic of a number of other research reports. Ventum Financial lifted their price objective on Killam Apartment REIT from C$22.50 to C$23.00 in a report on Friday. TD Securities decreased their price target on Killam Apartment REIT from C$23.00 to C$22.00 in a research note on Wednesday, April 24th. Raymond James dropped their price objective on 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, National Bankshares reduced their target price on Killam Apartment REIT from C$22.75 to C$21.50 and set an outperform rating for the company in a report on Wednesday, April 24th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of C$21.93.
Check Out Our Latest Research Report on Killam Apartment REIT
Killam Apartment REIT Stock Down 0.8 %
Killam Apartment REIT Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th will be issued a $0.0583 dividend. This represents a $0.70 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend is Wednesday, July 31st. Killam Apartment REIT’s dividend payout ratio (DPR) is 26.82%.
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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