Killam Apartment REIT (KMP.UN) Price Target Raised to C$15.25 at BMO Capital Markets

Killam Apartment REIT (TSE:KMP.UN) had its target price lifted by BMO Capital Markets from C$14.25 to C$15.25 in a research report sent to investors on Monday morning. BMO Capital Markets currently has an outperform rating on the stock.

A number of other brokerages have also weighed in on KMP.UN. Desjardins raised their price objective on Killam Apartment REIT from C$15.00 to C$15.50 in a report on Thursday, November 30th. National Bank Financial restated an outperform rating and issued a C$14.75 price objective on shares of Killam Apartment REIT in a report on Thursday, November 30th. Raymond James Financial raised their price objective on Killam Apartment REIT from C$13.25 to C$14.50 and gave the company an outperform rating in a report on Thursday, November 9th. Scotiabank raised their price objective on Killam Apartment REIT from C$13.25 to C$14.50 and gave the company a sector perform rating in a report on Thursday, November 9th. Finally, TD Securities raised their price objective on Killam Apartment REIT from C$14.50 to C$15.50 and gave the company a buy rating in a report on Thursday, November 9th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Killam Apartment REIT has an average rating of Buy and an average target price of C$14.50.

Killam Apartment REIT (TSE KMP.UN) opened at C$14.20 on Monday. Killam Apartment REIT has a 52-week low of C$11.57 and a 52-week high of C$14.40.

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 15th will be issued a $0.0517 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.62 dividend on an annualized basis and a yield of 4.37%.

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About Killam Apartment REIT

Killam Apartment Real Estate Investment Trust (REIT) is a Canada-based real estate investment trust. The Trust is engaged in owning, operating, managing and developing multi-family residential and manufactured home community (MHC) properties. Its segments include Apartment, MHC and Other. The Apartment segment acquires, operates, manages and develops multi-family residential properties across Canada and it includes building improvements; suite renovations; appliances; boilers and heating equipment; other; equipment; parking lots, and land improvements.

Analyst Recommendations for Killam Apartment REIT (TSE:KMP.UN)

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