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

Key Points

• Analyst sentiment is bullish: All seven analysts covering Killam Apartment REIT rate it a “Buy,” with an average 12-month price target of C$20.44 versus the reported C$17.59 opening price.
• TD, Scotia, and Raymond James recently raised their price targets, with targets ranging from C$20.25 to C$22.00 and ratings including “buy,” “sector outperform,” and “outperform.”
• Killam reported quarterly revenue of C$99.16 million and earnings per share of C$0.53, while declaring a monthly C$0.06 dividend, equivalent to a 4.1% annualized yield.

Shares of Killam Apartment REIT (TSE:KMP.UN - Get Free Report) have received an average rating of "Buy" from the seven analysts that are currently covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$20.44.

Several research analysts recently commented on the stock. TD raised their price objective on shares of Killam Apartment REIT from C$21.00 to C$22.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Scotia boosted their target price on shares of Killam Apartment REIT from C$20.00 to C$20.25 and gave the company a "sector outperform" rating in a report on Friday, August 7th. Finally, Raymond James Financial increased their target price on Killam Apartment REIT from C$21.00 to C$21.25 and gave the stock an "outperform" rating in a research report on Friday, August 7th.

Killam Apartment REIT Price Performance

TSE KMP.UN opened at C$17.59 on Wednesday. The company has a quick ratio of 0.03, a current ratio of 0.10 and a debt-to-equity ratio of 82.05. The company has a market cap of C$2.11 billion, a PE ratio of 261.43 and a beta of 0.79. Killam Apartment REIT has a 52 week low of C$15.65 and a 52 week high of C$19.21. The firm's 50-day simple moving average is C$17.67 and its two-hundred day simple moving average is C$17.96.

Killam Apartment REIT (TSE:KMP.UN - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported C$0.53 earnings per share for the quarter. Killam Apartment REIT had a net margin of 86.91% and a return on equity of 12.07%. The firm had revenue of C$99.16 million during the quarter. Research analysts predict that Killam Apartment REIT will post 1.29 earnings per share for the current year.

Killam Apartment REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 16th will be given a $0.06 dividend. The ex-dividend date is Friday, October 30th. This represents a $0.72 annualized dividend and a dividend yield of 4.1%. Killam Apartment REIT's payout ratio is 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.

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