Shares of Killam Apartment REIT (TSE:KMP.UN - Get Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$18.64 and traded as high as C$18.92. Killam Apartment REIT shares last traded at C$18.81, with a volume of 172,537 shares.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on KMP.UN shares. National Bank Financial boosted their price target on shares of 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. 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 research report on Friday, May 8th. TD upped their price target on Killam Apartment REIT from C$20.00 to C$21.00 and gave the company a "buy" rating in a research report on Friday, May 8th. Raymond James Financial increased their price objective on Killam Apartment REIT from C$20.00 to C$20.25 and gave the stock an "outperform" rating in a research note on Friday, May 8th. Finally, Royal Bank Of Canada lifted their price objective on Killam Apartment REIT from C$21.00 to C$22.00 and gave the company an "outperform" rating in a report on Friday, May 8th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$20.23.
Read Our Latest Analysis on KMP.UN
Killam Apartment REIT Stock Up 1.1%
The company has a market cap of C$2.30 billion, a P/E ratio of -96.32 and a beta of 0.79. 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 firm has a fifty day moving average price of C$18.64 and a 200 day moving average price of C$17.58.
Killam Apartment REIT (TSE:KMP.UN - Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.41 earnings per share (EPS) for the quarter. The business had revenue of C$96.68 million during the quarter. Killam Apartment REIT had a return on equity of 12.07% and a net margin of 86.91%. Equities research analysts forecast that Killam Apartment REIT will post 1.2904074 earnings per share for the current year.
Killam Apartment REIT Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 17th will be given a dividend of $0.06 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, July 31st. Killam Apartment REIT's dividend payout ratio is presently -368.68%.
About Killam Apartment REIT
(
Get Free Report)
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.
Further Reading
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