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

Shares of Killam Apartment REIT (TSE:KMP.UNGet Rating) have been assigned a consensus recommendation of “Buy” from the ten analysts that are presently covering the firm, reports. Eight research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have covered the stock in the last year is C$24.95.

Several brokerages recently issued reports on KMP.UN. CIBC boosted their price target on Killam Apartment REIT from C$25.50 to C$26.00 and gave the company an “outperform” rating in a research note on Friday, February 18th. Raymond James reissued an “outperform” rating and set a C$26.75 target price on shares of Killam Apartment REIT in a report on Thursday, February 17th. National Bankshares started coverage on Killam Apartment REIT in a research note on Monday, February 7th. They issued a “buy” rating and a C$27.00 price target for the company. Royal Bank of Canada upped their price objective on shares of Killam Apartment REIT from C$25.00 to C$25.50 and gave the stock an “outperform” rating in a research report on Tuesday, February 22nd. Finally, BMO Capital Markets raised their target price on shares of Killam Apartment REIT from C$25.50 to C$26.00 in a report on Tuesday, February 22nd.

TSE KMP.UN traded down C$0.03 during trading on Friday, reaching C$21.27. The company’s stock had a trading volume of 23,741 shares, compared to its average volume of 245,978. The firm has a 50 day moving average price of C$21.50 and a 200 day moving average price of C$22.18. Killam Apartment REIT has a 12 month low of C$18.54 and a 12 month high of C$24.15. The firm has a market capitalization of C$2.45 billion and a price-to-earnings ratio of 9.02. The company has a current ratio of 0.06, a quick ratio of 0.02 and a debt-to-equity ratio of 93.68.

The business also recently declared a monthly dividend, which was paid on Friday, April 15th. Investors of record on Friday, April 15th were issued a dividend of $0.0583 per share. This represents a $0.70 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend was Wednesday, March 30th. Killam Apartment REIT’s dividend payout ratio (DPR) is presently 29.20%.

Killam Apartment REIT Company Profile (Get Rating)

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.

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Analyst Recommendations for Killam Apartment REIT (TSE:KMP.UN)

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