Killam Apartment REIT (TSE:KMP.UN) Stock Has Consensus Price Target of C$20.44

Shares of Killam Apartment REIT (TSE:KMP.UN) have been given a consensus rating of “Buy” by the seven brokerages that are presently covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$20.44.

Several equities research analysts have recently issued reports on KMP.UN shares. TD raised their price target on Killam Apartment REIT from C$21.00 to C$22.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Raymond James Financial boosted their price objective on Killam Apartment REIT from C$21.00 to C$21.25 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Finally, Scotia increased their target price on Killam Apartment REIT from C$20.00 to C$20.25 and gave the company a “sector outperform” rating in a research note on Friday, August 7th.

Killam Apartment REIT Stock Performance

TSE:KMP.UN opened at C$17.37 on Friday. Killam Apartment REIT has a 1 year low of C$15.65 and a 1 year high of C$19.21. The firm’s fifty day simple moving average is C$18.15 and its 200 day simple moving average is C$17.81. 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 firm has a market capitalization of C$2.08 billion, a PE ratio of 258.16 and a beta of 0.78.

Killam Apartment REIT (TSE:KMP.UN) last announced its earnings results on Wednesday, August 5th. The company reported C$0.53 EPS for the quarter. The firm had revenue of C$99.16 million for the quarter. Killam Apartment REIT had a net margin of 86.91% and a return on equity of 12.07%. On average, sell-side analysts anticipate that Killam Apartment REIT will post 1.2904074 EPS for the current year.

Killam Apartment REIT Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 17th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, July 31st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.1%. Killam Apartment REIT’s payout ratio is 1,070.11%.

About Killam Apartment REIT

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.