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

Killam Apartment REIT (TSE:KMP.UNGet Free Report) has received an average rating of “Buy” from the eight analysts that are presently covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$20.23.

A number of equities research analysts have issued reports on KMP.UN shares. Raymond James Financial boosted their price target on Killam Apartment REIT from C$20.00 to C$20.25 and gave the company an “outperform” rating in a research note on Friday, May 8th. Scotia boosted their target price on shares of Killam Apartment REIT from C$19.50 to C$20.00 and gave the company a “sector outperform” rating in a research report on Friday, May 8th. TD upped their target price on shares of Killam Apartment REIT from C$20.00 to C$21.00 and gave the company a “buy” rating in a report on Friday, May 8th. Royal Bank Of Canada lifted their price target on shares of Killam Apartment REIT from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Finally, National Bank Financial boosted their price objective on shares of 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.

Check Out Our Latest Report on Killam Apartment REIT

Killam Apartment REIT Trading Up 0.8%

TSE:KMP.UN opened at C$18.69 on Friday. The company has a market cap of C$2.28 billion, a PE ratio of -95.70 and a beta of 0.79. The company has a current ratio of 0.10, a quick ratio of 0.03 and a debt-to-equity ratio of 82.05. The company has a 50 day simple moving average of C$18.71 and a two-hundred day simple moving average of C$17.64. Killam Apartment REIT has a 12 month low of C$15.65 and a 12 month high of C$19.21.

Killam Apartment REIT (TSE:KMP.UNGet Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported C$0.53 earnings per share for the quarter. The firm 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%. Research analysts forecast that Killam Apartment REIT will post 1.2904074 earnings per share for the current year.

Killam Apartment REIT Dividend Announcement

The business also recently disclosed 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 3.9%. The ex-dividend date of this dividend is Friday, July 31st. Killam Apartment REIT’s payout ratio is presently -368.68%.

Killam Apartment REIT Company Profile

(Get Free Report)

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.

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

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