Killam Apartment REIT (TSE:KMP.UN) had its price target increased by Raymond James Financial, Inc. from C$13.25 to C$14.50 in a report issued on Thursday. The brokerage currently has an outperform rating on the stock.
Several other brokerages have also recently weighed in on KMP.UN. Canaccord Genuity cut Killam Apartment REIT from a buy rating to a hold rating in a research note on Monday, October 30th. Desjardins reaffirmed a buy rating and issued a C$14.50 price target on shares of Killam Apartment REIT in a research note on Tuesday, November 7th. National Bank Financial upped their price target on Killam Apartment REIT from C$14.00 to C$14.75 and gave the stock an outperform rating in a research note on Thursday. Royal Bank Of Canada upped their price target on Killam Apartment REIT from C$14.00 to C$14.50 and gave the stock an outperform rating in a research note on Thursday. Finally, Scotiabank increased their target price on Killam Apartment REIT from C$13.25 to C$14.50 and gave the stock a sector perform rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of C$14.25.
Shares of Killam Apartment REIT (TSE KMP.UN) opened at C$13.64 on Thursday. Killam Apartment REIT has a 12 month low of C$11.57 and a 12 month high of C$14.10.
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The business also recently announced a monthly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 15th will be paid a $0.0517 dividend. The ex-dividend date is Monday, October 30th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.55%.
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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