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

Killam Apartment REIT (TSE:KMP.UN) has been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$20.23.

A number of brokerages have issued reports on KMP.UN. ATB Cormark Capital Markets cut their target price on Killam Apartment REIT from C$21.00 to C$20.00 and set an “outperform” rating on the stock in a research report on Friday, February 13th. TD Securities decreased their price target on shares of Killam Apartment REIT from C$21.00 to C$20.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Scotia upped their price target on shares of Killam Apartment REIT from C$19.50 to C$20.00 and gave the company a “sector outperform” rating in a report on Friday, May 8th. TD increased their price objective on shares of Killam Apartment REIT from C$20.00 to C$21.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, National Bank Financial raised their price objective on shares of Killam Apartment REIT from C$19.75 to C$20.00 and gave the stock an “outperform” rating in a report on Friday, May 8th.

Killam Apartment REIT Stock Up 0.1%

Shares of TSE KMP.UN opened at C$18.52 on Friday. The company has a debt-to-equity ratio of 82.05, a quick ratio of 0.03 and a current ratio of 0.10. Killam Apartment REIT has a 1 year low of C$15.65 and a 1 year high of C$19.80. The stock’s 50-day simple moving average is C$17.04 and its 200-day simple moving average is C$16.92. The firm has a market cap of C$2.26 billion, a price-to-earnings ratio of -94.83 and a beta of 0.60.

Killam Apartment REIT (TSE:KMP.UN) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$0.41 EPS for the quarter. Killam Apartment REIT had a return on equity of 12.07% and a net margin of 86.91%.The firm had revenue of C$96.68 million during the quarter. As a group, equities analysts anticipate that Killam Apartment REIT will post 1.2904074 earnings per share for the current fiscal year.

Killam Apartment REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 3.9%. Killam Apartment REIT’s dividend payout ratio (DPR) is presently -368.68%.

Killam Apartment REIT Company Profile

Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada’s largest residential real estate investment trusts, owning, operating and developing a $5.4 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 which target newer properties and through the disposition of non-core assets, and 3) developing high-quality properties in its core markets.