Killam Apartment REIT (TSE:KMP.UN – Free Report) had its target price reduced by National Bankshares from C$22.75 to C$21.50 in a research report released on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.
KMP.UN has been the subject of a number of other research reports. Scotiabank dropped their price target on Killam Apartment REIT from C$21.00 to C$20.50 and set a sector perform rating for the company in a research note on Monday, March 25th. Desjardins boosted their target price on Killam Apartment REIT from C$22.00 to C$23.00 and gave the stock a buy rating in a research note on Friday, February 16th. BMO Capital Markets boosted their target price on Killam Apartment REIT from C$20.50 to C$22.00 and gave the stock an outperform rating in a research note on Tuesday, February 20th. CIBC upped their price objective on Killam Apartment REIT from C$20.00 to C$22.00 and gave the company an outperform rating in a research note on Friday, February 16th. Finally, Royal Bank of Canada upped their price objective on Killam Apartment REIT from C$23.00 to C$23.50 and gave the company an outperform rating in a research note on Friday, February 16th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Killam Apartment REIT has an average rating of Moderate Buy and a consensus price target of C$21.88.
Read Our Latest Stock Report on Killam Apartment REIT
Killam Apartment REIT Trading Down 0.8 %
Killam Apartment REIT Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th will be issued a $0.0583 dividend. This represents a $0.70 annualized dividend and a yield of 4.05%. The ex-dividend date is Monday, April 29th. Killam Apartment REIT’s payout ratio is presently 31.11%.
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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