Killam Apartment REIT (TSE:KMP.UN) has been assigned an average recommendation of “Buy” from the eight analysts that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have covered the stock in the last year is C$20.75.
A number of research analysts have issued reports on KMP.UN shares. TD Securities upped 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. Scotiabank cut their price objective on shares of Killam Apartment REIT from C$21.00 to C$20.50 in a report on Friday, May 8th. Raymond James set a C$20.50 price objective on shares of Killam Apartment REIT and gave the stock an “outperform” rating in a report on Friday, May 8th. CIBC dropped their target price on shares of Killam Apartment REIT from C$21.00 to C$20.00 in a research report on Friday, May 8th. Finally, Laurentian increased their price objective on shares of Killam Apartment REIT from C$20.00 to C$21.00 in a research report on Friday, August 7th.
TSE:KMP.UN traded up C$0.30 on Friday, reaching C$18.10. The stock had a trading volume of 223,432 shares, compared to its average volume of 214,499. The company has a market cap of $1.85 billion and a price-to-earnings ratio of 7.63. The company has a debt-to-equity ratio of 98.48, a current ratio of 0.10 and a quick ratio of 0.02. The firm’s fifty day moving average is C$17.40 and its two-hundred day moving average is C$18.20. Killam Apartment REIT has a 12-month low of C$13.90 and a 12-month high of C$23.37.
The business also recently declared a monthly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 17th were paid a $0.0567 dividend. The ex-dividend date of this dividend was Thursday, July 30th. This represents a $0.68 dividend on an annualized basis and a yield of 3.76%. Killam Apartment REIT’s dividend payout ratio is currently 29.16%.
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.
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