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

Key Points

• Analysts are broadly bullish: All seven covering brokerages rate Killam Apartment REIT “Buy,” with an average 12-month price target of C$20.44 versus the reported C$17.37 opening price.
• TD, Raymond James, and Scotia recently raised their price targets to C$22.00, C$21.25, and C$20.25, respectively.
• Killam reported quarterly EPS of C$0.53 on revenue of C$99.16 million and declared a monthly dividend of C$0.06, equivalent to an annualized C$0.72 and a 4.1% yield.

Shares of Killam Apartment REIT (TSE:KMP.UN - Get Free Report) 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 - Get Free Report) 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.

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