Killam Apartment REIT (TSE:KMP.UN) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Killam Apartment REIT (TSE:KMP.UN) have been given an average recommendation of “Moderate Buy” by the nine research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$20.23.

Several brokerages recently commented on KMP.UN. 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 note on Friday, May 8th. TD boosted their price objective on shares of 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. Raymond James Financial boosted their price objective on shares of 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 lifted 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. Finally, Royal Bank Of Canada lifted their target price on shares of Killam Apartment REIT from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research report on Friday, May 8th.

Killam Apartment REIT Price Performance

Shares of TSE:KMP.UN opened at C$18.60 on Thursday. The company has a 50 day moving average of C$17.72 and a 200 day moving average of C$17.11. The stock has a market cap of C$2.27 billion, a P/E ratio of -95.24 and a beta of 0.78. Killam Apartment REIT has a 12 month low of C$15.65 and a 12 month high of C$19.74. The company has a current ratio of 0.10, a quick ratio of 0.03 and a debt-to-equity ratio of 82.05.

Killam Apartment REIT (TSE:KMP.UN) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.41 EPS for the quarter. The company had revenue of C$96.68 million during the quarter. Killam Apartment REIT had a net margin of 86.91% and a return on equity of 12.07%. As a group, sell-side analysts forecast that Killam Apartment REIT will post 1.2904074 EPS for the current fiscal year.

Killam Apartment REIT Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were given a dividend of $0.06 per share. The ex-dividend date was Friday, May 29th. This represents a c) annualized dividend and a yield of 3.9%. Killam Apartment REIT’s payout ratio is presently -368.68%.

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.