Killam Apartment REIT (TSE:KMP.UN) Given New C$22.00 Price Target at TD Securities

Killam Apartment REIT (TSE:KMP.UN) had its price objective trimmed by TD Securities from C$23.00 to C$22.00 in a research report report published on Wednesday morning, BayStreet.CA reports.

Several other equities analysts have also commented on KMP.UN. Royal Bank of Canada increased their price objective on Killam Apartment REIT from C$23.00 to C$23.50 and gave the company an outperform rating in a research report on Friday, February 16th. Scotiabank reduced their price objective on Killam Apartment REIT from C$21.00 to C$20.50 and set a sector perform rating on the stock in a research report on Monday, March 25th. CIBC increased their price objective on Killam Apartment REIT from C$20.00 to C$22.00 and gave the company an outperform rating in a research report on Friday, February 16th. Desjardins increased their price objective on Killam Apartment REIT from C$22.00 to C$23.00 and gave the company a buy rating in a research report on Friday, February 16th. Finally, National Bankshares increased their price objective on Killam Apartment REIT from C$22.00 to C$22.75 and gave the company an outperform rating in a research report on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of C$21.88.

Killam Apartment REIT Price Performance

Shares of TSE KMP.UN opened at C$17.28 on Wednesday. The company has a quick ratio of 0.03, a current ratio of 0.08 and a debt-to-equity ratio of 88.09. The firm has a market capitalization of C$2.04 billion, a P/E ratio of 7.68 and a beta of 1.05. The stock’s 50-day simple moving average is C$18.54 and its two-hundred day simple moving average is C$18.00. Killam Apartment REIT has a twelve month low of C$15.36 and a twelve month high of C$20.13.

Killam Apartment REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th will be given a dividend of $0.0583 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.70 annualized dividend and a yield of 4.05%. Killam Apartment REIT’s payout ratio is 31.11%.

Killam Apartment REIT Company Profile

Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential landlords, owning, operating, managing and developing a $2.8 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, with an emphasis on newer properties, and 3) developing high-quality properties in its core markets.