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

Killam Apartment REIT (TSE:KMP.UN) has received a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$20.23.

A number of analysts recently issued reports on the stock. Royal Bank Of Canada raised their price objective on shares of Killam Apartment REIT from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. National Bank Financial lifted their target price on shares of Killam Apartment REIT from C$19.75 to C$20.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. TD lifted their target price on shares of Killam Apartment REIT from C$20.00 to C$21.00 and gave the stock a “buy” 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 stock a “sector outperform” rating in a research note on Friday, May 8th. Finally, Raymond James Financial lifted their target price on shares of Killam Apartment REIT from C$20.00 to C$20.25 and gave the stock an “outperform” rating in a research note on Friday, May 8th.

Killam Apartment REIT Stock Performance

TSE KMP.UN opened at C$18.60 on Thursday. Killam Apartment REIT has a 52-week low of C$15.65 and a 52-week high of C$19.74. The company has a 50-day simple moving average of C$17.72 and a 200 day simple moving average of C$17.11. The company has a debt-to-equity ratio of 82.05, a quick ratio of 0.03 and a current ratio of 0.10. The company has a market capitalization of C$2.27 billion, a PE ratio of -95.24 and a beta of 0.78.

Killam Apartment REIT (TSE:KMP.UN) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$0.41 earnings per share (EPS) for the quarter. Killam Apartment REIT had a net margin of 86.91% and a return on equity of 12.07%. The business had revenue of C$96.68 million during the quarter. On average, research analysts predict that Killam Apartment REIT will post 1.2904074 EPS for the current year.

Killam Apartment REIT Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were paid a $0.06 dividend. The ex-dividend date was Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 3.9%. Killam Apartment REIT’s dividend payout ratio (DPR) 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.