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

Killam Apartment REIT (TSE:KMP.UN) has been assigned an average recommendation of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$20.23.

A number of equities research analysts have issued reports on the stock. Scotia upped their price target on shares of Killam Apartment REIT from C$19.50 to C$20.00 and gave the company a “sector outperform” rating in a report on Friday, May 8th. TD upped their price target on shares of Killam Apartment REIT from C$20.00 to C$21.00 and gave the company a “buy” rating in a report on Friday, May 8th. ATB Cormark Capital Markets decreased their price target on shares of Killam Apartment REIT from C$21.00 to C$20.00 and set an “outperform” rating for the company in a report on Friday, February 13th. TD Securities decreased their price target on shares of Killam Apartment REIT from C$21.00 to C$20.00 and set a “buy” rating for the company in a report on Friday, February 13th. Finally, National Bank Financial upped their price target on shares of 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.

Killam Apartment REIT Stock Down 0.7%

KMP.UN stock opened at C$18.00 on Friday. The company has a debt-to-equity ratio of 82.05, a current ratio of 0.10 and a quick ratio of 0.03. Killam Apartment REIT has a 52-week low of C$15.65 and a 52-week high of C$19.80. The company has a 50-day moving average of C$16.86 and a two-hundred day moving average of C$16.88. The stock has a market capitalization of C$2.20 billion, a price-to-earnings ratio of -92.17 and a beta of 0.60.

Killam Apartment REIT (TSE:KMP.UN) last released its quarterly earnings results 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 company had revenue of C$96.68 million during the quarter. As a group, equities research analysts anticipate that Killam Apartment REIT will post 1.2904074 EPS for the current year.

Killam Apartment REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. Killam Apartment REIT’s dividend payout ratio is currently -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.