Killam Apartment REIT (TSE:KMP.UN – Free Report) had its price objective trimmed by Scotiabank from C$21.00 to C$20.50 in a research report report published on Monday morning, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.
Several other research analysts have also recently issued reports on KMP.UN. Laurentian cut shares of Killam Apartment REIT from a buy rating to a hold rating and set a C$20.50 target price for the company. in a report on Monday, January 22nd. CIBC increased their price target on shares of Killam Apartment REIT from C$20.00 to C$22.00 and gave the stock an outperform rating in a research note on Friday, February 16th. Raymond James increased their price target on shares of Killam Apartment REIT from C$22.00 to C$22.75 and gave the stock an outperform rating in a research note on Tuesday, February 20th. National Bankshares increased their price target on shares of Killam Apartment REIT from C$22.00 to C$22.75 and gave the stock an outperform rating in a research note on Friday, February 16th. Finally, Royal Bank of Canada increased their price target on shares of Killam Apartment REIT from C$23.00 to C$23.50 and gave the stock 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 data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of C$22.20.
Check Out Our Latest Analysis on Killam Apartment REIT
Killam Apartment REIT Trading Down 0.1 %
Killam Apartment REIT Announces Dividend
The company also recently disclosed a monthly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 15th were given a dividend of $0.0583 per share. The ex-dividend date was Tuesday, January 30th. This represents a $0.70 dividend on an annualized basis and a yield of 3.77%. Killam Apartment REIT’s payout ratio is currently 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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