TD Issues Positive Forecast for Killam Apartment REIT (TSE:KMP.UN) Stock Price

Killam Apartment REIT (TSE:KMP.UN) had its target price hoisted by TD from C$21.00 to C$22.00 in a research report released on Friday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

KMP.UN has been the subject of several other research reports. Scotia increased their price objective 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. Raymond James Financial boosted their target price on Killam Apartment REIT from C$20.00 to C$20.25 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Royal Bank Of Canada upped their target price on Killam Apartment REIT from C$21.00 to C$22.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, National Bank Financial increased their price target on Killam Apartment REIT from C$19.75 to C$20.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Eight investment analysts have rated the stock with a Buy rating, According to MarketBeat, Killam Apartment REIT presently has a consensus rating of “Buy” and a consensus target price of C$20.45.

Killam Apartment REIT Stock Performance

TSE KMP.UN opened at C$18.87 on Friday. Killam Apartment REIT has a 1 year low of C$15.65 and a 1 year high of C$19.21. The company has a debt-to-equity ratio of 82.05, a current ratio of 0.10 and a quick ratio of 0.03. The firm has a market cap of C$2.30 billion, a price-to-earnings ratio of -96.63 and a beta of 0.79. The company has a fifty day moving average price of C$18.72 and a 200-day moving average price of C$17.65.

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. Killam Apartment REIT had a net margin of 86.91% and a return on equity of 12.07%. The company had revenue of C$99.16 million during the quarter. As a group, equities research analysts predict that Killam Apartment REIT will post 1.2904074 EPS for the current fiscal year.

Killam Apartment REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 17th will be issued a dividend of $0.06 per share. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, July 31st. Killam Apartment REIT’s dividend payout ratio is -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.