Brokerages Set Killam Apartment REIT (TSE:KMP.UN) PT at C$22.58

Shares of Killam Apartment REIT (TSE:KMP.UN) have earned a consensus recommendation of “Buy” from the eight analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$22.58.

KMP.UN has been the subject of several recent research reports. Raymond James cut their price target on Killam Apartment REIT from C$23.50 to C$22.25 in a report on Monday, January 13th. Royal Bank of Canada cut their target price on Killam Apartment REIT from C$24.50 to C$23.50 in a research note on Friday, November 8th.

Killam Apartment REIT Stock Down 0.5 %

KMP.UN stock opened at C$16.55 on Wednesday. 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 firm has a 50-day moving average of C$17.14 and a two-hundred day moving average of C$18.65. Killam Apartment REIT has a 12 month low of C$15.83 and a 12 month high of C$21.72. The company has a market cap of C$1.97 billion, a price-to-earnings ratio of 6.37 and a beta of 1.10.

Killam Apartment REIT Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th will be issued a $0.06 dividend. This is a positive change from Killam Apartment REIT’s previous monthly dividend of $0.06. This represents a $0.72 annualized dividend and a yield of 4.35%. The ex-dividend date is Friday, January 31st. Killam Apartment REIT’s payout ratio is 26.92%.

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.