Killam Apartment REIT (KMP.UN) Price Target Raised to C$16.50

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Killam Apartment REIT (TSE:KMP.UN) had its price target boosted by Desjardins from C$16.00 to C$16.50 in a research report sent to investors on Friday morning.

A number of other analysts have also recently weighed in on KMP.UN. TD Securities boosted their price objective on shares of Killam Apartment REIT from C$16.50 to C$17.50 and gave the stock a buy rating in a research note on Friday. National Bank Financial restated an outperform rating and issued a C$16.00 price objective on shares of Killam Apartment REIT in a research note on Wednesday, June 27th. Raymond James upgraded shares of Killam Apartment REIT from a market perform rating to an outperform rating and set a C$17.00 price objective for the company in a research note on Friday. CIBC boosted their price objective on shares of Killam Apartment REIT from C$15.00 to C$15.50 in a research note on Friday, May 11th. Finally, Royal Bank of Canada boosted their price objective on shares of Killam Apartment REIT from C$15.00 to C$16.00 and gave the stock an outperform rating in a research note on Friday, May 11th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of C$16.41.

KMP.UN stock opened at C$15.70 on Friday. Killam Apartment REIT has a 12 month low of C$12.04 and a 12 month high of C$14.76.

The business also recently announced a monthly dividend, which will be paid on Wednesday, August 15th. Investors of record on Wednesday, August 15th will be paid a dividend of $0.0533 per share. This represents a $0.64 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend is Monday, July 30th.

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

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