Killam Apartment REIT (TSE:KMP.UN) had its price objective increased by Canaccord Genuity from C$15.85 to C$16.50 in a report published on Monday morning.
A number of other equities analysts have also recently commented on the company. Raymond James raised Killam Apartment REIT from a market perform rating to an outperform rating and set a C$17.00 price target on the stock in a research note on Friday, August 10th. National Bank Financial lifted their price target on Killam Apartment REIT from C$16.50 to C$17.00 and gave the stock an outperform rating in a research note on Wednesday, August 22nd. TD Securities boosted their target price on Killam Apartment REIT from C$16.50 to C$17.50 and gave the company a buy rating in a research note on Friday, August 10th. Industrial Alliance Securities boosted their target price on Killam Apartment REIT from C$16.25 to C$17.00 in a research note on Tuesday, August 14th. Finally, BMO Capital Markets boosted their target price on Killam Apartment REIT from C$16.50 to C$17.00 in a research note on Friday, August 17th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of Buy and an average price target of C$16.68.
Shares of Killam Apartment REIT stock opened at C$16.31 on Monday. Killam Apartment REIT has a one year low of C$12.04 and a one year high of C$14.76.
The firm also recently announced a monthly dividend, which was paid on Monday, October 15th. Stockholders of record on Monday, October 15th were paid a dividend of $0.0533 per share. The ex-dividend date was Thursday, September 27th. This represents a $0.64 annualized dividend and a dividend yield of 3.92%.
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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