Killam Apartment REIT (TSE:KMP.UN) Receives Consensus Rating of “Moderate Buy” from Brokerages

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

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

Killam Apartment REIT Price Performance

Shares of TSE KMP.UN opened at C$18.80 on Monday. The company has a 50 day simple moving average of C$18.38 and a two-hundred day simple moving average of C$17.39. Killam Apartment REIT has a fifty-two week low of C$15.65 and a fifty-two week high of C$19.49. The company has a market capitalization of C$2.30 billion, a price-to-earnings ratio of -96.27 and a beta of 0.79. The company has a debt-to-equity ratio of 82.05, a quick ratio of 0.03 and a current ratio of 0.10.

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

Killam Apartment REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were given a dividend of $0.06 per share. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Friday, May 29th. Killam Apartment REIT’s dividend payout ratio is -368.68%.

About Killam Apartment REIT

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.