Killam Apartment REIT (TSE:KMP.UN) has been assigned a consensus rating of “Buy” from the ten research firms that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$14.64.
Several equities analysts have weighed in on KMP.UN shares. BMO Capital Markets raised their price objective on Killam Apartment REIT from C$14.25 to C$15.25 and gave the company an “outperform” rating in a research note on Monday, December 4th. Canaccord Genuity cut Killam Apartment REIT from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Raymond James Financial raised their price objective on Killam Apartment REIT from C$13.25 to C$14.50 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Desjardins restated a “buy” rating and set a C$14.50 price objective on shares of Killam Apartment REIT in a research note on Tuesday, November 7th. Finally, National Bank Financial raised their price objective on Killam Apartment REIT from C$14.00 to C$14.75 and gave the company an “outperform” rating in a research note on Thursday, November 9th.
Killam Apartment REIT (TSE:KMP.UN) opened at C$13.85 on Friday. Killam Apartment REIT has a twelve month low of C$11.84 and a twelve month high of C$14.76. The stock has a market capitalization of $1,110.00, a price-to-earnings ratio of 14.89 and a beta of 0.23.
The firm also recently announced a monthly dividend, which will be paid on Monday, January 15th. Stockholders of record on Monday, January 15th will be given a dividend of $0.0517 per share. This represents a $0.62 annualized dividend and a dividend yield of 4.48%. The ex-dividend date of this dividend is Thursday, December 28th.
Killam Apartment REIT Company Profile
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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