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

Shares of Killam Apartment REIT (TSE:KMP.UN) have been given an average rating of “Moderate Buy” by the nine ratings firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$22.55.

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada reduced their price target on shares of Killam Apartment REIT from C$24.50 to C$23.50 in a research report on Friday, November 8th. TD Securities boosted their target price 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. National Bankshares upped their target price on Killam Apartment REIT from C$22.75 to C$24.00 in a research report on Wednesday, October 9th. Finally, Raymond James raised Killam Apartment REIT from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from C$22.50 to C$24.00 in a research report on Friday, September 6th.

Killam Apartment REIT Stock Down 2.7 %

Shares of TSE:KMP.UN opened at C$16.71 on Tuesday. The firm has a 50 day simple moving average of C$18.63 and a 200-day simple moving average of C$18.76. Killam Apartment REIT has a twelve month low of C$16.62 and a twelve month high of C$21.72. The company has a current ratio of 0.10, a quick ratio of 0.03 and a debt-to-equity ratio of 82.05. The company has a market capitalization of C$1.99 billion, a PE ratio of 6.43 and a beta of 1.10.

Killam Apartment REIT Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 15th were paid a $0.0583 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.70 annualized dividend and a dividend yield of 4.19%. Killam Apartment REIT’s dividend payout ratio (DPR) 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.