Killam Apartment REIT (TSE:KMP.UN) Given Average Rating of "Moderate Buy" by Analysts

Shares of Killam Apartment REIT (TSE:KMP.UN - Get Free Report) have earned an average rating of "Moderate Buy" from the ten ratings firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$22.20.

A number of equities research analysts recently commented on the stock. CIBC lifted their price target on shares of Killam Apartment REIT from C$20.00 to C$22.00 and gave the stock an "outperform" rating in a report on Friday, February 16th. BMO Capital Markets increased their price target on Killam Apartment REIT from C$20.50 to C$22.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 20th. TD Securities boosted their price objective on Killam Apartment REIT from C$21.00 to C$23.00 and gave the company a "buy" rating in a research note on Friday, February 16th. Canaccord Genuity Group increased their target price on shares of Killam Apartment REIT from C$20.00 to C$22.00 and gave the stock a "buy" rating in a research report on Wednesday, December 20th. Finally, Royal Bank of Canada boosted their price target on shares of Killam Apartment REIT from C$23.00 to C$23.50 and gave the company an "outperform" rating in a research report on Friday, February 16th.

Killam Apartment REIT Stock Performance

Shares of TSE KMP.UN traded up C$0.17 during midday trading on Thursday, reaching C$17.47. The company's stock had a trading volume of 201,964 shares, compared to its average volume of 240,805. The stock has a market capitalization of C$2.07 billion, a P/E ratio of 7.76 and a beta of 1.05. The company has a debt-to-equity ratio of 88.09, a current ratio of 0.08 and a quick ratio of 0.03. The firm has a 50 day moving average price of C$18.90 and a 200-day moving average price of C$18.00. Killam Apartment REIT has a 12-month low of C$15.36 and a 12-month high of C$20.13.

Killam Apartment REIT Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 15th were paid a dividend of $0.0583 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.00%. Killam Apartment REIT's dividend payout ratio (DPR) is currently 31.11%.

Killam Apartment REIT Company Profile

Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential landlords, owning, operating, managing and developing a $2.8 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, with an emphasis on newer properties, and 3) developing high-quality properties in its core markets.