Free Trial

Killam Apartment REIT (TSE:KMP.UN) Downgraded by Canaccord Genuity Group to "Hold"

Killam Apartment REIT logo with Real Estate background

Key Points

  • Canaccord Genuity Group downgraded Killam Apartment REIT from a "buy" to a "hold" rating, raising their price target to C$20.00, indicating a potential upside of 9.83%.
  • BMO Capital Markets also increased their price target for the REIT to C$20.00, reflecting positive sentiment despite the downgrade by Canaccord Genuity.
  • The stock recently traded at C$18.21, with a notable debt-to-equity ratio of 82.05 and market capitalization of C$2.17 billion.
  • Looking to export and analyze Killam Apartment REIT data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Canaccord Genuity Group downgraded shares of Killam Apartment REIT (TSE:KMP.UN - Free Report) from a buy rating to a hold rating in a research report report published on Friday,BayStreet.CA reports. The brokerage currently has C$20.00 price objective on the stock, up from their prior price objective of C$19.25.

Separately, BMO Capital Markets increased their price objective on shares of Killam Apartment REIT from C$19.50 to C$20.00 in a research note on Monday, May 12th.

Get Our Latest Stock Report on Killam Apartment REIT

Killam Apartment REIT Stock Performance

KMP.UN stock traded up C$0.16 during midday trading on Friday, reaching C$18.33. 80,287 shares of the company's stock traded hands, compared to its average volume of 324,626. The stock's 50-day moving average is C$19.25 and its 200 day moving average is C$17.74. The company has a current ratio of 0.10, a quick ratio of 0.03 and a debt-to-equity ratio of 82.05. The stock has a market cap of C$2.18 billion, a P/E ratio of 7.05 and a beta of 1.10. Killam Apartment REIT has a 52-week low of C$15.48 and a 52-week high of C$21.72.

Killam Apartment REIT Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 15th will be given a $0.06 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. Killam Apartment REIT's payout ratio is presently 26.92%.

Killam Apartment REIT Company Profile

(Get Free Report)

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.

Recommended Stories

Should You Invest $1,000 in Killam Apartment REIT Right Now?

Before you consider Killam Apartment REIT, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Killam Apartment REIT wasn't on the list.

While Killam Apartment REIT currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Ten Starter Stocks For Beginners to Buy Now Cover

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Tesla’s Future Unleashed: Elon’s Robotics Move Changes Everything
Top Trades: Massive Gains and Costly Mistakes to Avoid
NVIDIA Earnings: All Signs Point to More Growth Ahead

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines