Killam Apartment REIT (TSE:KMP.UN) Receives C$21.88 Average Target Price from Analysts

Shares of Killam Apartment REIT (TSE:KMP.UN) have earned a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$21.88.

A number of research firms have recently weighed in on KMP.UN. CIBC lifted their price objective 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. Scotiabank lowered their price objective on Killam Apartment REIT from C$21.00 to C$20.50 and set a “sector perform” rating on the stock in a research report on Monday, March 25th. TD Securities lowered their price objective on Killam Apartment REIT from C$23.00 to C$22.00 in a research report on Wednesday, April 24th. Desjardins lifted their price objective on Killam Apartment REIT from C$22.00 to C$23.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Finally, National Bankshares lowered their price objective 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 1.5 %

Shares of TSE:KMP.UN opened at C$17.20 on Monday. The stock has a market capitalization of C$2.04 billion, a price-to-earnings ratio of 7.64 and a beta of 1.05. The company has a debt-to-equity ratio of 88.09, a quick ratio of 0.03 and a current ratio of 0.08. The stock’s 50-day simple moving average is C$18.05 and its two-hundred day simple moving average is C$18.01. Killam Apartment REIT has a 52-week low of C$15.36 and a 52-week high of C$20.13.

Killam Apartment REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th will be paid a dividend of $0.0583 per share. This represents a $0.70 annualized dividend and a yield of 4.07%. The ex-dividend date is Monday, April 29th. Killam Apartment REIT’s dividend payout ratio (DPR) is presently 31.11%.

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.