Shares of Killam Apartment REIT (TSE:KMP.UN – Get Free Report) have earned an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$21.93.
Several analysts recently commented on the company. Royal Bank of Canada boosted their price target on Killam Apartment REIT from C$23.50 to C$24.00 in a research note on Thursday, May 9th. TD Securities cut their price objective on Killam Apartment REIT from C$23.00 to C$22.00 in a research report on Wednesday, April 24th. Raymond James cut their price objective on Killam Apartment REIT from C$22.75 to C$21.75 and set an “outperform” rating for the company in a research report on Wednesday, April 24th. National Bankshares cut their price objective on Killam Apartment REIT from C$22.75 to C$21.50 and set an “outperform” rating for the company in a research report on Wednesday, April 24th. Finally, Scotiabank cut 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 research report on Monday, March 25th.
View Our Latest Report on KMP.UN
Killam Apartment REIT Price Performance
Killam Apartment REIT Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 15th will be given a dividend of $0.0583 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.11%. Killam Apartment REIT’s payout ratio is currently 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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