Killam Apartment REIT (TSE:KMP.UN) Receives C$20.23 Consensus PT from Brokerages

Shares of Killam Apartment REIT (TSE:KMP.UN) have earned an average rating of “Buy” from the seven analysts that are presently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$20.44.

A number of research analysts have recently commented on the stock. National Bank Financial upped their price objective on shares of Killam Apartment REIT from C$19.75 to C$20.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. TD boosted their target price on shares of Killam Apartment REIT from C$21.00 to C$22.00 and gave the company a “buy” rating in a report on Friday, August 7th. Raymond James Financial upped their price target on shares of 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. Royal Bank Of Canada increased their price target on shares of Killam Apartment REIT from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Finally, Scotia lifted their price target on shares of Killam Apartment REIT from C$20.00 to C$20.25 and gave the company a “sector outperform” rating in a report on Friday, August 7th.

Killam Apartment REIT Price Performance

KMP.UN stock opened at C$18.61 on Friday. The stock has a market capitalization of C$2.23 billion, a price-to-earnings ratio of 276.61 and a beta of 0.79. The company has a quick ratio of 0.03, a current ratio of 0.10 and a debt-to-equity ratio of 82.05. Killam Apartment REIT has a 52-week low of C$15.65 and a 52-week high of C$19.21. The stock’s fifty day simple moving average is C$18.75 and its 200-day simple moving average is C$17.68.

Killam Apartment REIT (TSE:KMP.UN) last released its earnings results on Wednesday, August 5th. The company reported C$0.53 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$99.16 million during the quarter. Equities research analysts expect 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 will be paid on Monday, August 17th. Investors of record on Monday, August 17th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 3.9%. Killam Apartment REIT’s dividend payout ratio is currently 1,070.15%.

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.