Killam Apartment REIT (TSE:KMP.UN) Receives Average Rating of “Buy” from Analysts

Shares of Killam Apartment REIT (TSE:KMP.UN) have received an average rating of “Buy” from the seven research firms that are covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have covered the stock in the last year is C$20.44.

Several equities analysts have recently weighed in on the stock. National Bank Financial raised their price target on shares of Killam Apartment REIT from C$19.75 to C$20.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. TD boosted their price objective on shares of Killam Apartment REIT from C$21.00 to C$22.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Royal Bank Of Canada increased their target price on shares of Killam Apartment REIT from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Raymond James Financial raised their target price on shares of Killam Apartment REIT from C$21.00 to C$21.25 and gave the company an “outperform” rating in a research report on Friday, August 7th. Finally, Scotia lifted their price target on shares of Killam Apartment REIT from C$20.00 to C$20.25 and gave the company a “sector outperform” rating in a research note on Friday, August 7th.

Killam Apartment REIT Stock Down 2.0%

KMP.UN stock opened at C$17.93 on Tuesday. 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 stock has a market capitalization of C$2.15 billion, a P/E ratio of 266.50 and a beta of 0.79. The business has a 50-day moving average of C$18.68 and a 200-day moving average of C$17.76. Killam Apartment REIT has a fifty-two week low of C$15.65 and a fifty-two week high of C$19.21.

Killam Apartment REIT (TSE:KMP.UN) last announced its earnings results on Wednesday, August 5th. The company reported C$0.53 earnings per share (EPS) for the quarter. The business had revenue of C$99.16 million for the quarter. Killam Apartment REIT had a return on equity of 12.07% and a net margin of 86.91%. On average, sell-side analysts anticipate that Killam Apartment REIT will post 1.2904074 earnings per share for the current fiscal year.

Killam Apartment REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 17th were issued a $0.06 dividend. The ex-dividend date was Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 4.0%. Killam Apartment REIT’s dividend payout ratio (DPR) is presently 1,070.15%.

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.