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Killam Properties (TSE:KMP) has received an average recommendation of “Hold” from the seven brokerages that are presently covering the stock, American Banking News reports. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$11.54.

KMP has been the subject of a number of recent research reports. Analysts at CIBC cut their price target on shares of Killam Properties from C$13.00 to C$12.50 in a research note on Friday. They now have an “outperform” rating on the stock. Analysts at Scotiabank reiterated a “sector perform” rating on shares of Killam Properties in a research note on Thursday, August 7th. They now have a C$11.00 price target on the stock.

Shares of Killam Properties (TSE:KMP) opened at 10.49 on Friday. Killam Properties has a 52-week low of $9.91 and a 52-week high of $11.16. The stock’s 50-day moving average is $10.43 and its 200-day moving average is $10.41. The company has a market cap of $573.8 million and a P/E ratio of 15.70.

Killam Properties (TSE:KMP) last issued its quarterly earnings data on Friday, August 8th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18.

The company also recently declared a jul 14 dividend, which is scheduled for Friday, August 15th. Investors of record on Thursday, July 31st will be given a dividend of $0.05 per share. This represents a yield of 5.66%. The ex-dividend date of this dividend is Tuesday, July 29th.

Killam Properties Inc is a Canada-based residential landlord engaged in owning, operating, managing and developing multi-family residential and Manufactured Home Community (TSE:KMP) properties.

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