Killam Apartment REIT (TSE:KMP.UN – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of C$17.64 and traded as high as C$17.74. Killam Apartment REIT shares last traded at C$17.66, with a volume of 251,792 shares trading hands.
Analysts Set New Price Targets
KMP.UN has been the topic of several analyst reports. Scotia raised their target price on Killam Apartment REIT from C$20.00 to C$20.25 and gave the company a “sector outperform” rating in a research report on Friday, August 7th. Raymond James Financial increased their price target on Killam Apartment REIT from C$21.00 to C$21.25 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Finally, TD raised their price target on Killam Apartment REIT from C$21.00 to C$22.00 and gave the company a “buy” rating in a report on Friday, August 7th. Seven research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$20.44.
Check Out Our Latest Analysis on KMP.UN
Killam Apartment REIT Stock Up 1.3%
The company has a market cap of C$2.12 billion, a price-to-earnings ratio of 262.47 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 business has a fifty day moving average price of C$17.41 and a two-hundred day moving average price of C$17.64.
Killam Apartment REIT (TSE:KMP.UN – Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The company reported C$0.44 earnings per share (EPS) for the quarter. Killam Apartment REIT had a return on equity of 12.07% and a net margin of 86.91%. The firm had revenue of C$100.83 million during the quarter. On average, equities analysts predict that Killam Apartment REIT will post 1.29 earnings per share for the current year.
Killam Apartment REIT Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 16th will be issued a dividend of $0.06 per share. The ex-dividend date is Friday, October 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.1%. Killam Apartment REIT’s payout ratio is 1,070.11%.
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.
Read More
- Five stocks we like better than Killam Apartment REIT
- Why ExxonMobil and Chevron Reminded Investors to Keep it Simple
- Amazon Has Erased Its Earnings Sell-Off, But Is the Biggest Opportunity Still Ahead?
- onsemi’s AI Sales Surge 175%: Is a Stock Recovery Next?
- Energy Transfer’s Earnings Miss May Be Hiding Its Strongest Advantage
Receive News & Ratings for Killam Apartment REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Killam Apartment REIT and related companies with MarketBeat.com's FREE daily email newsletter.
