BMO Capital Markets Cuts Killam Apartment REIT (TSE:KMP.UN) Price Target to C$19.50

Killam Apartment REIT (TSE:KMP.UN) had its target price cut by BMO Capital Markets from C$20.00 to C$19.50 in a research report report published on Wednesday morning,BayStreet.CA reports.

A number of other equities analysts also recently issued reports on KMP.UN. TD Securities increased their price target on shares of Killam Apartment REIT from C$21.00 to C$22.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Canaccord Genuity Group reduced their target price on Killam Apartment REIT from C$20.00 to C$19.00 in a report on Thursday, November 6th. Finally, Scotiabank lowered their target price on Killam Apartment REIT from C$20.75 to C$20.50 and set an “outperform” rating for the company in a research note on Tuesday, August 12th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$20.50.

Killam Apartment REIT Stock Up 1.2%

Shares of Killam Apartment REIT stock opened at C$16.79 on Wednesday. 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 12-month low of C$15.48 and a 12-month high of C$19.80. The company has a market cap of C$2.04 billion, a P/E ratio of 3.74 and a beta of 0.91. The company’s fifty day simple moving average is C$17.58 and its two-hundred day simple moving average is C$18.24.

Killam Apartment REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 17th will be given a $0.06 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, October 31st. Killam Apartment REIT’s payout ratio is currently 16.00%.

Killam Apartment REIT Company Profile

Killam Apartment Real Estate Investment Trust is an open-ended mutual fund trust. The company specializes in the acquisition, management, and development of multi-residential apartment buildings and manufactured home communities (MHC). It has three main operating segments, Apartment segment, MHC segment, and Commercial segments.