Killam Apartment REIT (TSE:KMP.UN) Price Target Lowered to C$21.75 at Raymond James

Killam Apartment REIT (TSE:KMP.UN) had its target price decreased by Raymond James from C$22.75 to C$21.75 in a research report released on Wednesday morning, BayStreet.CA reports. Raymond James currently has an outperform rating on the stock.

A number of other analysts have also recently weighed in on the company. Royal Bank of Canada raised their price objective on Killam Apartment REIT from C$23.00 to C$23.50 and gave the stock an outperform rating in a research report on Friday, February 16th. CIBC raised their price objective on Killam Apartment REIT from C$20.00 to C$22.00 and gave the stock an outperform rating in a research report on Friday, February 16th. Desjardins lifted their price target on Killam Apartment REIT from C$22.00 to C$23.00 and gave the stock a buy rating in a research report on Friday, February 16th. BMO Capital Markets lifted their price target on Killam Apartment REIT from C$20.50 to C$22.00 and gave the stock an outperform rating in a research report on Tuesday, February 20th. Finally, National Bankshares lifted their price target on Killam Apartment REIT from C$22.00 to C$22.75 and gave the stock 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 issued a buy rating to the company. Based on data from MarketBeat, Killam Apartment REIT currently has a consensus rating of Moderate Buy and a consensus price target of C$21.88.

Killam Apartment REIT Stock Up 0.3 %

Killam Apartment REIT stock opened at C$17.27 on Wednesday. The company has a debt-to-equity ratio of 88.09, a current ratio of 0.08 and a quick ratio of 0.03. The stock has a market capitalization of C$2.04 billion, a price-to-earnings ratio of 7.68 and a beta of 1.05. Killam Apartment REIT has a 1-year low of C$15.36 and a 1-year high of C$20.13. The business has a fifty day moving average price of C$18.44 and a 200-day moving average price of C$18.00.

Killam Apartment REIT Announces Dividend

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