Killam Apartment REIT (TSE:KMP.UN) Receives C$22.58 Average PT from Analysts

Killam Apartment REIT (TSE:KMP.UN) has received an average recommendation of “Buy” from the eight brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$22.58.

Several equities analysts have recently issued reports on KMP.UN shares. Royal Bank of Canada cut their price target on Killam Apartment REIT from C$24.50 to C$23.50 in a research note on Friday, November 8th. Raymond James dropped their target price on shares of Killam Apartment REIT from C$23.50 to C$22.25 in a research report on Monday, January 13th.

Killam Apartment REIT Trading Down 0.7 %

Shares of KMP.UN opened at C$16.65 on Wednesday. The company has a debt-to-equity ratio of 82.05, a quick ratio of 0.03 and a current ratio of 0.10. The company has a market cap of C$1.98 billion, a price-to-earnings ratio of 6.40 and a beta of 1.10. The stock has a fifty day moving average price of C$17.11 and a two-hundred day moving average price of C$18.64. Killam Apartment REIT has a 52-week low of C$15.83 and a 52-week high of C$21.72.

Killam Apartment REIT Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be issued a $0.06 dividend. This is a boost from Killam Apartment REIT’s previous monthly dividend of $0.06. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.72 annualized dividend and a dividend yield of 4.32%. Killam Apartment REIT’s dividend payout ratio (DPR) is presently 26.92%.

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.