Killam Apartment REIT (KMP.UN) Given Average Rating of “Buy” by Analysts
Killam Apartment REIT (TSE:KMP.UN) has earned an average rating of “Buy” from the eight brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$13.66.
A number of analysts have weighed in on the company. National Bank Financial increased their target price on 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. CIBC reiterated an “outperform” rating and issued a C$13.75 target price on shares of Killam Apartment REIT in a research note on Monday, May 15th.
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The company also recently declared a monthly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.0517 per share. The ex-dividend date is Tuesday, August 29th. This represents a $0.62 annualized dividend and a dividend yield of Infinity.
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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