Shares of Killam Apartment REIT (TSE:KMP.UN) have received a consensus recommendation of “Buy” from the ten analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$17.48.

KMP.UN has been the subject of a number of research reports. Raymond James upgraded Killam Apartment REIT from a “market perform” rating to an “outperform” rating and set a C$17.00 target price for the company in a research note on Friday, August 10th. TD Securities lifted their target price on Killam Apartment REIT from C$16.50 to C$17.50 and gave the company a “buy” rating in a research note on Friday, August 10th. Desjardins lifted their target price on Killam Apartment REIT from C$16.00 to C$16.50 in a research note on Friday, August 10th. Industrial Alliance Securities lifted their target price on Killam Apartment REIT from C$16.25 to C$17.00 in a research note on Tuesday, August 14th. Finally, BMO Capital Markets lifted their target price on Killam Apartment REIT from C$16.50 to C$17.00 in a research note on Friday, August 17th.

TSE:KMP.UN traded down C$0.04 during mid-day trading on Friday, reaching C$16.61. The stock had a trading volume of 195,585 shares, compared to its average volume of 214,499. Killam Apartment REIT has a 1-year low of C$12.04 and a 1-year high of C$14.76.

The business also recently declared a monthly dividend, which was paid on Monday, October 15th. Shareholders of record on Monday, October 15th were issued a $0.0533 dividend. The ex-dividend date was Thursday, September 27th. This represents a $0.64 annualized dividend and a dividend yield of 3.85%.

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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