BMO Capital Markets restated their outperform rating on shares of Killam Apartment REIT (TSE:KMP.UN) in a research note published on Tuesday. The firm currently has a C$15.25 price target on the stock.
A number of other equities research analysts have also recently commented on KMP.UN. Desjardins increased their target price on shares of Killam Apartment REIT from C$15.00 to C$15.50 in a research report on Thursday, November 30th. National Bank Financial reissued 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 upped their price objective on shares of 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 upped their price objective on shares of 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 upped their price objective on shares of 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. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of C$14.50.
Shares of Killam Apartment REIT (KMP.UN) opened at C$14.49 on Tuesday. Killam Apartment REIT has a 12-month low of C$11.57 and a 12-month high of C$14.76.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 15th will be paid a $0.0517 dividend. This represents a $0.62 annualized dividend and a dividend yield of 4.28%. The ex-dividend date is Wednesday, November 29th.
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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.
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