Killam Apartment REIT (TSE:KMP.UN – Free Report) had its price objective cut by Royal Bank of Canada from C$24.50 to C$23.50 in a report issued on Friday,BayStreet.CA reports.
KMP.UN has been the subject of several other research reports. National Bankshares lifted their price objective on shares of Killam Apartment REIT from C$22.75 to C$24.00 in a research note on Wednesday, October 9th. Ventum Financial lifted their price objective on shares of Killam Apartment REIT from C$22.50 to C$23.00 in a research note on Friday, August 9th. Raymond James raised shares of Killam Apartment REIT from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from C$22.50 to C$24.00 in a research note on Friday, September 6th. Finally, TD Securities lifted their price objective on shares of Killam Apartment REIT from C$22.00 to C$23.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$22.50.
Get Our Latest Report on Killam Apartment REIT
Killam Apartment REIT Trading Down 0.1 %
Killam Apartment REIT Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 15th will be given a dividend of $0.0583 per share. This represents a $0.70 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend is Thursday, October 31st. Killam Apartment REIT’s dividend payout ratio is 26.92%.
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.
Read More
- Five stocks we like better than Killam Apartment REIT
- Retail Stocks Investing, Explained
- California Resources Stock Could Be a Huge Long-Term Winner
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- Observability Wars: Datadog and Dynatrace Vie for Data Dominance
- The 3 Best Blue-Chip Stocks to Buy Now
- Airbnb Stock Attracts Attention With Strong Cash Flow Strategy
Receive News & Ratings for Killam Apartment REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Killam Apartment REIT and related companies with MarketBeat.com's FREE daily email newsletter.