Killam Apartment REIT (TSE:KMP.UN) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Killam Apartment REIT (TSE:KMP.UN) have earned a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$20.23.

Several research firms have recently issued reports on KMP.UN. Royal Bank Of Canada lifted their price target on 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. Scotia lifted their price target on Killam Apartment REIT from C$19.50 to C$20.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 8th. Raymond James Financial lifted their price target on Killam Apartment REIT from C$20.00 to C$20.25 and gave the stock an “outperform” rating in a research note on Friday, May 8th. National Bank Financial lifted their price target on Killam Apartment REIT from C$19.75 to C$20.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Finally, TD lifted their price target on Killam Apartment REIT from C$20.00 to C$21.00 and gave the stock a “buy” rating in a research note on Friday, May 8th.

Killam Apartment REIT Stock Performance

TSE:KMP.UN opened at C$18.85 on Thursday. The firm’s fifty day moving average price is C$17.87 and its 200 day moving average price is C$17.16. Killam Apartment REIT has a 1-year low of C$15.65 and a 1-year high of C$19.74. The company has a debt-to-equity ratio of 82.05, a current ratio of 0.10 and a quick ratio of 0.03. The firm has a market cap of C$2.30 billion, a price-to-earnings ratio of -96.52 and a beta of 0.78.

Killam Apartment REIT (TSE:KMP.UN) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$0.41 earnings per share for the quarter. The firm had revenue of C$96.68 million for the quarter. Killam Apartment REIT had a net margin of 86.91% and a return on equity of 12.07%. On average, sell-side analysts expect that Killam Apartment REIT will post 1.2904074 EPS for the current year.

Killam Apartment REIT Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were 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 was Friday, May 29th. Killam Apartment REIT’s 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.