Killam Apartment REIT (TSE:KMP.UN – Free Report) had its target price trimmed by TD Securities from C$23.00 to C$22.00 in a research note published on Wednesday, BayStreet.CA reports.
Several other brokerages have also recently issued reports on KMP.UN. Scotiabank cut their price objective on Killam Apartment REIT from C$21.00 to C$20.50 and set a sector perform rating on the stock in a research note on Monday, March 25th. Desjardins increased their price target on Killam Apartment REIT from C$22.00 to C$23.00 and gave the stock a buy rating in a research report on Friday, February 16th. National Bankshares increased their price target on Killam Apartment REIT from C$22.00 to C$22.75 and gave the stock an outperform rating in a research report on Friday, February 16th. CIBC increased their price target on Killam Apartment REIT from C$20.00 to C$22.00 and gave the stock an outperform rating in a research report on Friday, February 16th. Finally, Royal Bank of Canada increased their price target on Killam Apartment REIT from C$23.00 to C$23.50 and gave the stock an outperform rating in a research report on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Killam Apartment REIT currently has an average rating of Moderate Buy and an average target price of C$21.88.
Read Our Latest Analysis on Killam Apartment REIT
Killam Apartment REIT Trading Up 0.3 %
Killam Apartment REIT Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th will be given a $0.0583 dividend. This represents a $0.70 annualized dividend and a yield of 4.05%. The ex-dividend date is Monday, April 29th. Killam Apartment REIT’s dividend 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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