Killam Apartment REIT (TSE:KMP.UN - Get Free Report)'s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$18.71 and traded as high as C$18.87. Killam Apartment REIT shares last traded at C$18.69, with a volume of 590,197 shares.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on KMP.UN shares. Raymond James Financial increased their price objective on shares of 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. Royal Bank Of Canada boosted their target price on shares of Killam Apartment REIT from C$21.00 to C$22.00 and gave the company an "outperform" rating in a research note on Friday, May 8th. Scotia upped their target price on shares of Killam Apartment REIT from C$19.50 to C$20.00 and gave the stock a "sector outperform" rating in a research report on Friday, May 8th. National Bank Financial raised 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 research note on Friday, May 8th. Finally, TD lifted their price target on Killam Apartment REIT from C$20.00 to C$21.00 and gave the company a "buy" rating in a report on Friday, May 8th. Eight investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of C$20.23.
Get Our Latest Stock Report on Killam Apartment REIT
Killam Apartment REIT Stock Up 0.8%
The company has a market cap of C$2.28 billion, a price-to-earnings ratio of -95.70 and a beta of 0.79. The stock has a 50-day simple moving average of C$18.71 and a 200-day simple moving average of C$17.64. 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 (TSE:KMP.UN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported C$0.53 EPS for the quarter. Killam Apartment REIT had a return on equity of 12.07% and a net margin of 86.91%.The company had revenue of C$99.16 million for the quarter. As a group, analysts predict that Killam Apartment REIT will post 1.2904074 EPS 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. Investors of record on Monday, August 17th will be given a $0.06 dividend. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Friday, July 31st. Killam Apartment REIT's dividend payout ratio is currently -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
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
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
The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation.
Inside this report, you’ll find 10 companies positioned to benefit as artificial intelligence moves from hype to real-world deployment and becomes a core growth driver for corporate America.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
