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

Shares of Killam Apartment REIT (TSE:KMP.UN) have been given a consensus rating of “Moderate Buy” by the ten analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$21.93.

A number of research analysts have issued reports on KMP.UN shares. BMO Capital Markets upped their price objective on Killam Apartment REIT from C$20.50 to C$22.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. Royal Bank of Canada upped their price objective on Killam Apartment REIT from C$23.50 to C$24.00 in a research note on Thursday, May 9th. CIBC upped their price target on Killam Apartment REIT from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. TD Securities dropped their price target on Killam Apartment REIT from C$23.00 to C$22.00 in a research report on Wednesday, April 24th. Finally, National Bankshares dropped their price target on 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.

Killam Apartment REIT Trading Up 0.5 %

TSE KMP.UN opened at C$17.27 on Friday. The company has a market cap of C$2.05 billion, a price-to-earnings ratio of 6.62 and a beta of 1.06. Killam Apartment REIT has a 52 week low of C$15.36 and a 52 week high of C$20.13. The business has a 50 day moving average price of C$17.44 and a 200-day moving average price of C$18.13. The company has a quick ratio of 0.03, a current ratio of 0.11 and a debt-to-equity ratio of 85.23.

Killam Apartment REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 17th will be issued a $0.0583 dividend. This represents a $0.70 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend is Friday, May 31st. Killam Apartment REIT’s dividend payout ratio (DPR) is currently 26.82%.

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.