Killam Apartment REIT (TSE:KMP.UN) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Killam Apartment REIT (TSE:KMP.UN) have received an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$22.20.

A number of analysts recently commented on KMP.UN shares. National Bankshares increased their price objective on Killam Apartment REIT from C$22.00 to C$22.75 and gave the company an “outperform” rating in a research note on Friday, February 16th. BMO Capital Markets increased their target price on Killam Apartment REIT from C$20.50 to C$22.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. TD Securities increased their target price on Killam Apartment REIT from C$21.00 to C$23.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Desjardins increased their target price on Killam Apartment REIT from C$22.00 to C$23.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Finally, Canaccord Genuity Group increased their target price on Killam Apartment REIT from C$20.00 to C$22.00 and gave the stock a “buy” rating in a research report on Wednesday, December 20th.

Killam Apartment REIT Stock Down 0.4 %

KMP.UN opened at C$16.81 on Thursday. The company has a quick ratio of 0.03, a current ratio of 0.08 and a debt-to-equity ratio of 88.09. The firm has a market cap of C$1.99 billion, a P/E ratio of 7.51 and a beta of 1.05. Killam Apartment REIT has a 52 week low of C$15.36 and a 52 week high of C$20.13. The business’s fifty day simple moving average is C$18.79 and its 200 day simple moving average is C$18.00.

Killam Apartment REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th will be paid a $0.0583 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.16%. Killam Apartment REIT’s dividend payout ratio (DPR) is currently 31.11%.

About Killam Apartment REIT

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.