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

Shares of Killam Apartment REIT (TSE:KMP.UN) have earned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$20.23.

Several brokerages have issued reports on KMP.UN. TD upped their target price on Killam Apartment REIT from C$20.00 to C$21.00 and gave the company a “buy” rating in a report on Friday, May 8th. National Bank Financial upped their target price on Killam Apartment REIT from C$19.75 to C$20.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Raymond James Financial upped their target price on Killam Apartment REIT from C$20.00 to C$20.25 and gave the company an “outperform” rating in a report on Friday, May 8th. Scotia increased 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 research note on Friday, May 8th. Finally, 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 company an “outperform” rating in a research note on Friday, May 8th.

Killam Apartment REIT Stock Performance

KMP.UN opened at C$18.54 on Thursday. The firm has a market capitalization of C$2.26 billion, a PE ratio of -94.94 and a beta of 0.78. Killam Apartment REIT has a twelve month low of C$15.65 and a twelve month high of C$19.74. The firm’s 50-day moving average price is C$17.95 and its 200 day moving average price is C$17.19. The company has a current ratio of 0.10, a quick ratio of 0.03 and a debt-to-equity ratio of 82.05.

Killam Apartment REIT (TSE:KMP.UN) last posted 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, sell-side analysts expect that Killam Apartment REIT will post 1.2904074 EPS for the current fiscal year.

Killam Apartment REIT Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 3.9%. Killam Apartment REIT’s dividend payout ratio is -368.68%.

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.