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

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

Several other equities research analysts also recently issued reports on the stock. Royal Bank of Canada raised their price objective on shares of Killam Apartment REIT from C$23.00 to C$23.50 and gave the stock an outperform rating in a research note on Friday, February 16th. Laurentian downgraded shares of Killam Apartment REIT from a buy rating to a hold rating and set a C$20.50 price objective on the stock. in a research note on Monday, January 22nd. CIBC raised their price objective on shares of Killam Apartment REIT from C$20.00 to C$22.00 and gave the stock an outperform rating in a research note on Friday, February 16th. Desjardins raised their price objective on shares of Killam Apartment REIT from C$22.00 to C$23.00 and gave the stock a buy rating in a research note on Friday, February 16th. Finally, National Bankshares raised their price objective on shares of Killam Apartment REIT from C$22.00 to C$22.75 and gave the stock an outperform rating in a research note 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 stock. Based on data from MarketBeat, Killam Apartment REIT has a consensus rating of Moderate Buy and an average target price of C$21.88.

Killam Apartment REIT Trading Down 0.8 %

TSE:KMP.UN opened at C$17.28 on Wednesday. Killam Apartment REIT has a 12 month low of C$15.36 and a 12 month high of C$20.13. The firm has a market cap of C$2.04 billion, a price-to-earnings ratio of 7.68 and a beta of 1.05. The company has a quick ratio of 0.03, a current ratio of 0.08 and a debt-to-equity ratio of 88.09. The company’s 50 day moving average is C$18.54 and its 200-day moving average is C$18.00.

Killam Apartment REIT Dividend Announcement

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