Killam Apartment REIT (TSE:KMP.UN) had its target price boosted by TD Securities from C$17.50 to C$18.50 in a research report sent to investors on Thursday morning.
Other research analysts have also recently issued research reports about the stock. National Bank Financial upped their price target on shares of Killam Apartment REIT from C$16.50 to C$17.00 and gave the stock an outperform rating in a report on Wednesday, August 22nd. Industrial Alliance Securities upped their price target on shares of Killam Apartment REIT from C$16.25 to C$17.00 in a report on Tuesday, August 14th. Desjardins upped their price target on shares of Killam Apartment REIT from C$16.00 to C$16.50 in a report on Friday, August 10th. Canaccord Genuity upped their price target on shares of Killam Apartment REIT from C$15.85 to C$16.50 in a report on Monday, October 29th. Finally, BMO Capital Markets upped their price target on shares of Killam Apartment REIT from C$16.50 to C$17.00 in a report on Friday, August 17th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of C$17.33.
TSE:KMP.UN opened at C$16.63 on Thursday. Killam Apartment REIT has a 1 year low of C$12.04 and a 1 year high of C$14.76.
The company also recently declared a monthly dividend, which was paid on Monday, October 15th. Stockholders of record on Monday, October 15th were issued a $0.0533 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.64 annualized dividend and a dividend yield of 3.85%.
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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