Analysts Set Killam Apartment REIT (TSE:KMP.UN) PT at C$20.23

Shares of Killam Apartment REIT (TSE:KMP.UN) have been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the stock, Marketbeat 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 target price among brokers that have covered the stock in the last year is C$20.23.

KMP.UN has been the topic of several research reports. National Bank Financial raised their price objective 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. Raymond James Financial upped 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 report on Friday, May 8th. Scotia increased 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. TD increased their target price on Killam Apartment REIT from C$20.00 to C$21.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, Royal Bank Of Canada raised 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.

Killam Apartment REIT Price Performance

Killam Apartment REIT stock opened at C$19.01 on Monday. Killam Apartment REIT has a 52-week low of C$15.65 and a 52-week high of C$19.28. The firm has a fifty day moving average of C$18.52 and a 200-day moving average of C$17.49. The firm has a market capitalization of C$2.32 billion, a P/E ratio of -97.34 and a beta of 0.79. The company has a quick ratio of 0.03, a current ratio of 0.10 and a debt-to-equity ratio of 82.05.

Killam Apartment REIT (TSE:KMP.UN) last posted 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 business had revenue of C$96.68 million for the quarter. As a group, analysts predict that Killam Apartment REIT will post 1.2904074 EPS for the current year.

Killam Apartment REIT Announces Dividend

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