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

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

A number of analysts have recently weighed in on KMP.UN shares. Scotia increased their price objective on Killam Apartment REIT from C$19.50 to C$20.00 and gave the company a “sector outperform” rating in a research note on Friday, May 8th. Royal Bank Of Canada lifted their target price on shares of Killam Apartment REIT from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research note 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. National Bank Financial increased 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 research report on Friday, May 8th. Finally, Raymond James Financial increased their price target on shares of Killam Apartment REIT from C$20.00 to C$20.25 and gave the company an “outperform” rating in a research report on Friday, May 8th.

Killam Apartment REIT Trading Up 0.1%

TSE KMP.UN opened at C$19.01 on Monday. The firm has a market cap of C$2.32 billion, a PE ratio of -97.34 and a beta of 0.79. Killam Apartment REIT has a 1-year low of C$15.65 and a 1-year high of C$19.28. The stock has a 50-day moving average of C$18.52 and a 200-day moving average of C$17.48. The company has a current ratio of 0.10, a quick ratio of 0.03 and a debt-to-equity ratio of 82.05.

Killam Apartment REIT (TSE:KMP.UN) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.41 earnings per share (EPS) for the quarter. The business 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%. As a group, sell-side analysts forecast that Killam Apartment REIT will post 1.2904074 EPS for the current year.

Killam Apartment REIT Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 17th will be paid a dividend of $0.06 per share. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, July 31st. 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.