Killam Apartment REIT (KMP.UN) Receives C$13.66 Average Target Price from Analysts
Killam Apartment REIT (TSE:KMP.UN) has been assigned an average recommendation of “Buy” from the eight research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$13.66.
Separately, National Bank Financial raised their price target on shares of Killam Apartment REIT from C$13.75 to C$14.00 and gave the stock an “outperform” rating in a research note on Friday, August 11th.
The company also recently announced a monthly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 16th will be paid a $0.0517 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of Infinity. The ex-dividend date of this dividend is Thursday, September 28th.
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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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