Killam Apartment REIT (TSE:KMP.UN) had its target price boosted by BMO Capital Markets from C$16.50 to C$17.00 in a research report sent to investors on Friday morning.

A number of other brokerages also recently issued reports on KMP.UN. Desjardins increased their price objective on Killam Apartment REIT from C$15.50 to C$16.00 in a research report on Friday, May 11th. Scotiabank increased their price objective on Killam Apartment REIT from C$14.75 to C$15.75 and gave the stock a sector perform rating in a research report on Monday, May 14th. Royal Bank of Canada increased their price objective on Killam Apartment REIT from C$15.00 to C$16.00 and gave the stock an outperform rating in a research report on Friday, May 11th. TD Securities increased their target price on Killam Apartment REIT from C$15.50 to C$16.50 and gave the company a buy rating in a research note on Friday, May 11th. Finally, Industrial Alliance Securities increased their target price on Killam Apartment REIT from C$16.25 to C$17.00 in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of Buy and a consensus target price of C$16.53.

Shares of KMP.UN stock traded up C$0.28 on Friday, reaching C$16.25. The company’s stock had a trading volume of 114,491 shares, compared to its average volume of 214,499. Killam Apartment REIT has a 12-month low of C$12.04 and a 12-month high of C$14.76.

The firm also recently announced a monthly dividend, which was paid on Wednesday, August 15th. Investors of record on Wednesday, August 15th were paid a $0.0533 dividend. The ex-dividend date was Monday, July 30th. This represents a $0.64 annualized dividend and a dividend yield of 3.94%.

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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Analyst Recommendations for Killam Apartment REIT (TSE:KMP.UN)

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