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

Shares of Killam Apartment REIT (TSE:KMP.UN) have been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$21.93.

Several equities research analysts have issued reports on KMP.UN shares. Raymond James decreased their price target on shares of Killam Apartment REIT from C$22.75 to C$21.75 and set an “outperform” rating on the stock in a research note on Wednesday, April 24th. Ventum Financial raised their target price on shares of Killam Apartment REIT from C$22.50 to C$23.00 in a research report on Friday, August 9th. Royal Bank of Canada raised their target price on shares of Killam Apartment REIT from C$22.00 to C$23.00 in a research report on Friday, August 9th. National Bankshares decreased their target price on shares of Killam Apartment REIT from C$22.75 to C$21.50 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. Finally, TD Securities decreased their target price on shares of Killam Apartment REIT from C$23.00 to C$22.00 in a research report on Wednesday, April 24th.

Killam Apartment REIT Price Performance

Killam Apartment REIT stock opened at C$18.81 on Wednesday. Killam Apartment REIT has a 12-month low of C$15.36 and a 12-month high of C$20.13. The stock has a market capitalization of C$2.24 billion, a P/E ratio of 7.23 and a beta of 1.09. The firm’s 50-day moving average is C$17.93 and its two-hundred day moving average is C$18.10. The company has a debt-to-equity ratio of 82.05, a current ratio of 0.11 and a quick ratio of 0.03.

Killam Apartment REIT Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 15th were issued a $0.0583 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $0.70 annualized dividend and a yield of 3.72%. Killam Apartment REIT’s 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.