Killam Apartment REIT (TSE:KMP.UN) Stock Has Consensus Price Target of C$20.44 According to Brokerages

Shares of Killam Apartment REIT (TSE:KMP.UN) have received an average recommendation of “Buy” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have covered the stock in the last year is C$20.44.

KMP.UN has been the topic of several research reports. TD upped their target price on Killam Apartment REIT from C$21.00 to C$22.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Raymond James Financial lifted their price target on Killam Apartment REIT from C$21.00 to C$21.25 and gave the company an “outperform” rating in a report on Friday, August 7th. Finally, Scotia boosted their price target on Killam Apartment REIT from C$20.00 to C$20.25 and gave the company a “sector outperform” rating in a research note on Friday, August 7th.

Killam Apartment REIT Stock Up 0.6%

TSE:KMP.UN opened at C$17.37 on Friday. The business’s fifty day moving average price is C$18.15 and its 200 day moving average price is C$17.81. The firm has a market capitalization of C$2.08 billion, a price-to-earnings ratio of 258.16 and a beta of 0.78. 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 has a 1-year low of C$15.65 and a 1-year high of C$19.21.

Killam Apartment REIT (TSE:KMP.UN) last announced its quarterly earnings data on Wednesday, August 5th. The company reported C$0.53 EPS for the quarter. The firm had revenue of C$99.16 million during the quarter. Killam Apartment REIT had a return on equity of 12.07% and a net margin of 86.91%. On average, sell-side analysts forecast that Killam Apartment REIT will post 1.2904074 earnings per share for the current fiscal year.

Killam Apartment REIT Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 17th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.1%. Killam Apartment REIT’s payout ratio is currently 1,070.11%.

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.