Killam Apartment REIT’s (KMP.UN) Outperform Rating Reaffirmed at BMO Capital Markets
BMO Capital Markets reiterated their outperform rating on shares of Killam Apartment REIT (TSE:KMP.UN) in a research report report published on Tuesday morning. BMO Capital Markets currently has a C$15.25 price target on the stock.
KMP.UN has been the topic of a number of other reports. TD Securities lifted their price objective on shares of Killam Apartment REIT from C$14.50 to C$15.50 and gave the company a buy rating in a report on Thursday, November 9th. Desjardins lifted their price objective on shares of Killam Apartment REIT from C$15.00 to C$15.50 in a report on Thursday, November 30th. Scotiabank lifted their price objective on shares of Killam Apartment REIT from C$13.25 to C$14.50 and gave the company a sector perform rating in a report on Thursday, November 9th. Royal Bank of Canada lifted their price objective on shares of Killam Apartment REIT from C$14.00 to C$14.50 and gave the company an outperform rating in a report on Thursday, November 9th. Finally, National Bank Financial reiterated an outperform rating and issued a C$14.75 price objective on shares of Killam Apartment REIT in a report on Thursday, November 30th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of C$14.50.
Killam Apartment REIT (TSE KMP.UN) opened at C$14.69 on Tuesday. Killam Apartment REIT has a one year low of C$11.57 and a one year high of C$14.73.
The firm also recently announced a monthly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 15th will be given a $0.0517 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.22%.
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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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