Killam Apartment REIT (KMP.UN) Given Consensus Recommendation of “Buy” by Analysts
Shares of Killam Apartment REIT (TSE:KMP.UN) have earned an average recommendation of “Buy” from the eight brokerages that are presently covering the stock, 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 twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$13.66.
Separately, National Bank Financial boosted 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.
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The firm also recently declared a monthly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 16th will be issued a $0.0517 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.62 dividend on an annualized basis and a 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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