Killam Apartment REIT (KMP.UN) Given Average Rating of “Buy” by Brokerages
Killam Apartment REIT (TSE:KMP.UN) has been assigned an average recommendation of “Buy” from the eight analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$13.66.
KMP.UN has been the topic of several analyst reports. National Bank Financial lifted their price target on Killam Apartment REIT from C$13.75 to C$14.00 and gave the stock an “outperform” rating in a report on Friday, August 11th. CIBC reiterated an “outperform” rating and set a C$13.75 price target on shares of Killam Apartment REIT in a report on Monday, May 15th. Finally, Scotiabank reiterated a “speculative buy” rating and set a C$13.25 price target on shares of Killam Apartment REIT in a report on Tuesday, April 25th.
The firm also recently disclosed a monthly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 15th were given a dividend of $0.0517 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of Infinity. The ex-dividend date of this dividend was Thursday, July 27th.
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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