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

Shares of Killam Apartment REIT (TSE:KMP.UN) have been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$22.38.

Several equities analysts recently issued reports on KMP.UN shares. National Bankshares boosted their price target on shares of Killam Apartment REIT from C$22.75 to C$24.00 in a research report on Wednesday, October 9th. Raymond James reduced their target price on Killam Apartment REIT from C$23.50 to C$22.25 in a report on Monday. Finally, Royal Bank of Canada lowered their target price on Killam Apartment REIT from C$24.50 to C$23.50 in a research note on Friday, November 8th.

Killam Apartment REIT Stock Up 0.7 %

Shares of Killam Apartment REIT stock opened at C$16.90 on Friday. The company has a current ratio of 0.10, a quick ratio of 0.03 and a debt-to-equity ratio of 82.05. Killam Apartment REIT has a 12-month low of C$16.59 and a 12-month high of C$21.72. The company has a market cap of C$2.01 billion, a P/E ratio of 6.50 and a beta of 1.10. The company’s fifty day simple moving average is C$17.69 and its two-hundred day simple moving average is C$18.74.

Killam Apartment REIT Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.06 per share. This is a boost from Killam Apartment REIT’s previous monthly dividend of $0.06. The ex-dividend date is Friday, January 31st. This represents a $0.72 dividend on an annualized basis and a yield of 4.26%. Killam Apartment REIT’s payout ratio is presently 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.