Shares of Killam Apartment REIT (TSE:KMP.UN – Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$20.14 and last traded at C$20.10, with a volume of 224437 shares changing hands. The stock had previously closed at C$19.69.
Wall Street Analyst Weigh In
Several equities analysts have commented on KMP.UN shares. Royal Bank of Canada raised their price target on shares of Killam Apartment REIT from C$22.00 to C$23.00 in a research report on Friday, August 9th. Ventum Financial raised their price target on shares of Killam Apartment REIT from C$22.50 to C$23.00 in a research report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Killam Apartment REIT currently has an average rating of “Moderate Buy” and a consensus price target of C$21.93.
View Our Latest Stock Report on KMP.UN
Killam Apartment REIT Trading Down 0.7 %
Killam Apartment REIT Announces Dividend
The business also recently declared a monthly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 15th were paid a dividend of $0.0583 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $0.70 annualized dividend and a yield of 3.54%. Killam Apartment REIT’s dividend payout ratio is currently 26.92%.
Killam Apartment REIT Company Profile
Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential landlords, owning, operating, managing and developing a $2.8 billion portfolio of apartments and manufactured home communities. Killam's strategy to enhance value and profitability focuses on three priorities: 1) increasing earnings from existing operations, 2) expanding the portfolio and diversifying geographically through accretive acquisitions, with an emphasis on newer properties, and 3) developing high-quality properties in its core markets.
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