Analysts Set Killam Apartment REIT (TSE:KMP.UN) Target Price at C$22.50

Shares of Killam Apartment REIT (TSE:KMP.UN - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the ten research firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$22.50.

Several equities research analysts recently issued reports on the company. Raymond James raised Killam Apartment REIT from an "outperform" rating to a "strong-buy" rating and lifted their price objective for the company from C$22.50 to C$24.00 in a research note on Friday, September 6th. Ventum Financial lifted their price target on Killam Apartment REIT from C$22.50 to C$23.00 in a research note on Friday, August 9th. TD Securities lifted their price target on Killam Apartment REIT from C$22.00 to C$23.00 and gave the stock a "buy" rating in a research note on Wednesday, September 4th. Royal Bank of Canada dropped their price target on Killam Apartment REIT from C$24.50 to C$23.50 in a research note on Friday, November 8th. Finally, National Bankshares lifted their price target on Killam Apartment REIT from C$22.75 to C$24.00 in a research note on Wednesday, October 9th.

Killam Apartment REIT Stock Performance

Shares of TSE KMP.UN traded down C$0.11 during mid-day trading on Friday, hitting C$18.13. The company had a trading volume of 337,948 shares, compared to its average volume of 254,504. The company has a market capitalization of C$2.16 billion, a price-to-earnings ratio of 7.02 and a beta of 1.10. Killam Apartment REIT has a 1 year low of C$16.62 and a 1 year high of C$21.72. The company has a current ratio of 0.10, a quick ratio of 0.03 and a debt-to-equity ratio of 82.05. The stock's 50-day moving average price is C$19.67 and its 200-day moving average price is C$18.70.

Killam Apartment REIT Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were given a $0.0583 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.86%. Killam Apartment REIT's dividend payout ratio is currently 26.92%.

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.