Killam Apartment REIT (TSE:KMP.UN) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Killam Apartment REIT (TSE:KMP.UN) have been given a consensus rating of “Moderate Buy” by the nine ratings firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$22.55.

Several research firms have recently commented on KMP.UN. National Bankshares raised their price target on Killam Apartment REIT from C$22.75 to C$24.00 in a research report on Wednesday, October 9th. Royal Bank of Canada lowered their price target on Killam Apartment REIT from C$24.50 to C$23.50 in a research report on Friday, November 8th.

Killam Apartment REIT Price Performance

KMP.UN stock opened at C$16.79 on Friday. The business has a fifty day moving average of C$17.80 and a two-hundred day moving average of C$18.75. 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 stock has a market cap of C$2.00 billion, a price-to-earnings ratio of 6.46 and a beta of 1.10. Killam Apartment REIT has a 52-week low of C$16.62 and a 52-week high of C$21.72.

Killam Apartment REIT Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 15th were issued a dividend of $0.0583 per share. This represents a $0.70 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date was Thursday, October 31st. Killam Apartment REIT’s dividend payout ratio (DPR) is 26.92%.

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.