Killam Apartment REIT (TSE:KMP.UN) Receives Average Recommendation of "Moderate Buy" from Brokerages

Killam Apartment REIT (TSE:KMP.UN - Get Free Report) has received an average rating of "Moderate Buy" from the nine research firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$22.55.

KMP.UN has been the topic of several recent research reports. Royal Bank of Canada cut their price target on Killam Apartment REIT from C$24.50 to C$23.50 in a research note on Friday, November 8th. National Bankshares lifted their target price on Killam Apartment REIT from C$22.75 to C$24.00 in a report on Wednesday, October 9th.

Killam Apartment REIT Trading Down 0.9 %

Shares of KMP.UN traded down C$0.15 during trading hours on Friday, reaching C$16.79. 262,161 shares of the company traded hands, compared to its average volume of 304,087. Killam Apartment REIT has a 12 month low of C$16.62 and a 12 month high of C$21.72. 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 company's fifty day moving average price is C$17.80 and its two-hundred day moving average price is C$18.76. The company has a market capitalization of C$2.00 billion, a price-to-earnings ratio of 6.46 and a beta of 1.10.

Killam Apartment REIT Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were issued a $0.0583 dividend. This represents a $0.70 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend was Thursday, October 31st. Killam Apartment REIT's dividend payout ratio (DPR) is presently 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.