Royal Bank of Canada Increases Killam Apartment REIT (KMP.UN) Price Target to C$17.50

Killam Apartment REIT (TSE:KMP.UN) had its target price boosted by Royal Bank of Canada from C$16.00 to C$17.50 in a report issued on Friday morning. They currently have an outperform rating on the stock.

A number of other research analysts have also commented on the stock. Raymond James upgraded shares of Killam Apartment REIT from a market perform rating to an outperform rating and set a C$17.00 price target for the company in a research report on Friday, August 10th. National Bank Financial boosted their price target on shares of Killam Apartment REIT from C$16.50 to C$17.00 and gave the company an outperform rating in a research report on Wednesday, August 22nd. TD Securities boosted their price target on shares of Killam Apartment REIT from C$16.50 to C$17.50 and gave the company a buy rating in a research report on Friday, August 10th. Industrial Alliance Securities boosted their price target on shares of Killam Apartment REIT from C$16.25 to C$17.00 in a research report on Tuesday, August 14th. Finally, BMO Capital Markets boosted their price target on shares of Killam Apartment REIT from C$16.50 to C$17.00 in a research report on Friday, August 17th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Killam Apartment REIT has an average rating of Buy and an average price target of C$17.33.

Shares of KMP.UN traded up C$0.14 during mid-day trading on Friday, reaching C$16.63. 161,406 shares of the stock traded hands, compared to its average volume of 214,499. Killam Apartment REIT has a 1 year low of C$12.04 and a 1 year high of C$14.76.

The business also recently announced a monthly dividend, which was paid on Monday, October 15th. Investors of record on Monday, October 15th were given a $0.0533 dividend. The ex-dividend date was Thursday, September 27th. This represents a $0.64 annualized dividend and a yield of 3.85%.

Killam Apartment REIT Company Profile

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

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