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

Killam Apartment REIT (TSE:KMP.UN) has earned an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$20.23.

Several brokerages have commented on KMP.UN. Raymond James Financial raised their price objective on shares of Killam Apartment REIT from C$20.00 to C$20.25 and gave the stock an “outperform” rating in a report on Friday, May 8th. National Bank Financial increased their target price on Killam Apartment REIT from C$19.75 to C$20.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Scotia raised their target price on 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. Royal Bank Of Canada lifted their price target on Killam Apartment REIT from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Finally, TD upped their price target on Killam Apartment REIT from C$20.00 to C$21.00 and gave the stock a “buy” rating in a research note on Friday, May 8th.

Killam Apartment REIT Price Performance

Shares of Killam Apartment REIT stock opened at C$18.80 on Monday. 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 has a 12-month low of C$15.65 and a 12-month high of C$19.49. The company has a market cap of C$2.30 billion, a P/E ratio of -96.27 and a beta of 0.79. The company’s fifty day simple moving average is C$18.38 and its two-hundred day simple moving average is C$17.39.

Killam Apartment REIT (TSE:KMP.UN) last announced its earnings results on Thursday, May 7th. The company reported C$0.41 earnings per share for the quarter. Killam Apartment REIT had a net margin of 86.91% and a return on equity of 12.07%. The firm had revenue of C$96.68 million for the quarter. Research analysts anticipate that Killam Apartment REIT will post 1.2904074 EPS for the current year.

Killam Apartment REIT Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a c) annualized dividend and a yield of 3.8%. Killam Apartment REIT’s dividend payout ratio (DPR) is currently -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.