Killam Apartment REIT (TSE:KMP.UN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Killam Apartment REIT (TSE:KMP.UNGet Free Report) have earned an average rating of “Moderate Buy” from the ten brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$21.93.

A number of equities analysts have recently issued reports on the company. National Bankshares reduced their price target on Killam Apartment REIT from C$22.75 to C$21.50 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. Desjardins upped their target price on Killam Apartment REIT from C$22.00 to C$23.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Raymond James cut their target price on Killam Apartment REIT from C$22.75 to C$21.75 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. CIBC upped their target price on Killam Apartment REIT from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Finally, Royal Bank of Canada upped their target price on Killam Apartment REIT from C$23.50 to C$24.00 in a research report on Thursday, May 9th.

Get Our Latest Stock Analysis on KMP.UN

Killam Apartment REIT Stock Performance

Shares of TSE:KMP.UN opened at C$17.08 on Friday. The company has a market capitalization of C$2.03 billion, a price-to-earnings ratio of 6.54 and a beta of 1.06. Killam Apartment REIT has a 52 week low of C$15.36 and a 52 week high of C$20.13. The company has a quick ratio of 0.03, a current ratio of 0.11 and a debt-to-equity ratio of 85.23. The firm has a 50 day moving average of C$17.52 and a 200 day moving average of C$18.12.

Killam Apartment REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 17th will be given a dividend of $0.0583 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.70 annualized dividend and a dividend yield of 4.10%. Killam Apartment REIT’s dividend payout ratio (DPR) is presently 26.82%.

About Killam Apartment REIT

(Get Free Report

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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Analyst Recommendations for Killam Apartment REIT (TSE:KMP.UN)

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