Killam Apartment REIT (TSE:KMP.UN – Free Report) had its price objective trimmed by National Bankshares from C$22.75 to C$21.50 in a research report report published on Wednesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.
KMP.UN has been the subject of a number of other reports. Royal Bank of Canada upped their price objective on 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. TD Securities cut their price objective on Killam Apartment REIT from C$23.00 to C$22.00 in a report on Wednesday. Desjardins raised their target price on Killam Apartment REIT from C$22.00 to C$23.00 and gave the stock a buy rating in a report on Friday, February 16th. CIBC raised their target price on Killam Apartment REIT from C$20.00 to C$22.00 and gave the stock an outperform rating in a report on Friday, February 16th. Finally, Scotiabank lowered their price target on Killam Apartment REIT from C$21.00 to C$20.50 and set a sector perform rating on the stock in a research report on Monday, March 25th. Two research 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 target price of C$21.88.
Check Out Our Latest Research Report on KMP.UN
Killam Apartment REIT Trading Up 0.3 %
Killam Apartment REIT Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th will be given a $0.0583 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.70 annualized dividend and a dividend yield of 4.05%. Killam Apartment REIT’s dividend payout ratio (DPR) is presently 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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