Killam Apartment REIT (TSE:KMP.UN) Receives C$22.50 Average PT from Analysts

Killam Apartment REIT (TSE:KMP.UN) has been given a consensus recommendation of “Moderate Buy” by the nine analysts that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$22.55.

A number of equities analysts recently issued reports on KMP.UN shares. Royal Bank of Canada dropped their target price on shares of Killam Apartment REIT from C$24.50 to C$23.50 in a research report on Friday, November 8th. Raymond James raised shares of Killam Apartment REIT from an “outperform” rating to a “strong-buy” rating and upped their price objective for the company from C$22.50 to C$24.00 in a research report on Friday, September 6th. National Bankshares boosted their price target on Killam Apartment REIT from C$22.75 to C$24.00 in a research note on Wednesday, October 9th. Finally, TD Securities upped their price target on Killam Apartment REIT from C$22.00 to C$23.00 and gave the company a “buy” rating in a report on Wednesday, September 4th.

Killam Apartment REIT Stock Performance

Shares of TSE KMP.UN opened at C$17.17 on Tuesday. Killam Apartment REIT has a 12 month low of C$16.62 and a 12 month high of C$21.72. The company has a quick ratio of 0.03, a current ratio of 0.10 and a debt-to-equity ratio of 82.05. The company has a market cap of C$2.04 billion, a P/E ratio of 6.60 and a beta of 1.10. The business’s 50 day moving average is C$18.57 and its two-hundred day moving average is C$18.78.

Killam Apartment REIT Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were paid a $0.0583 dividend. This represents a $0.70 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend was Thursday, October 31st. Killam Apartment REIT’s dividend payout ratio is 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.