Killam Apartment REIT (TSE:KMP.UN) Receives Consensus Rating of "Buy" from Brokerages

Key Points

• Killam Apartment REIT has a consensus “Buy” rating from all eight covering analysts, with an average 12-month price target of C$20.23.
• Several brokerages recently raised their targets, including RBC to C$22.00, TD to C$21.00, and Raymond James to C$20.25.
• The REIT reported quarterly revenue of C$99.16 million and EPS of C$0.53, while announcing a monthly dividend of C$0.06 per share, representing an annualized yield of about 3.9%.

Shares of Killam Apartment REIT (TSE:KMP.UN - Get Free Report) have been given a consensus recommendation of "Buy" by the eight ratings firms that are covering the company, MarketBeat reports. Eight research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$20.23.

KMP.UN has been the subject of a number of recent analyst reports. Royal Bank Of Canada boosted their price objective on shares of Killam Apartment REIT from C$21.00 to C$22.00 and gave the stock an "outperform" rating in a report on Friday, May 8th. TD lifted their target price on Killam Apartment REIT from C$20.00 to C$21.00 and gave the stock a "buy" rating in a report on Friday, May 8th. Raymond James Financial lifted their target price on Killam Apartment REIT from C$20.00 to C$20.25 and gave the stock an "outperform" rating in a report on Friday, May 8th. National Bank Financial upped their price target on Killam Apartment REIT from C$19.75 to C$20.00 and gave the company an "outperform" rating in a report on Friday, May 8th. Finally, Scotia upped their price target on Killam Apartment REIT from C$19.50 to C$20.00 and gave the company a "sector outperform" rating in a report on Friday, May 8th.

Killam Apartment REIT Stock Up 0.8%

TSE:KMP.UN opened at C$18.69 on Friday. The company has a debt-to-equity ratio of 82.05, a quick ratio of 0.03 and a current ratio of 0.10. The firm has a market cap of C$2.28 billion, a P/E ratio of -95.70 and a beta of 0.79. Killam Apartment REIT has a fifty-two week low of C$15.65 and a fifty-two week high of C$19.21. The firm has a 50-day simple moving average of C$18.71 and a two-hundred day simple moving average of C$17.64.

Killam Apartment REIT (TSE:KMP.UN - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported C$0.53 earnings per share (EPS) 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 for the quarter. Analysts predict 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 announced a monthly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 17th will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, July 31st. This represents a c) annualized dividend and a yield of 3.9%. Killam Apartment REIT's dividend payout ratio is currently -368.68%.

Killam Apartment REIT Company Profile

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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