Killam Apartment REIT (TSE:KMP.UN) Price Target Lowered to C$22.25 at Raymond James

Killam Apartment REIT (TSE:KMP.UN - Free Report) had its price target cut by Raymond James from C$23.50 to C$22.25 in a report issued on Monday morning,BayStreet.CA reports.

Other analysts have also recently issued research reports about the stock. National Bankshares boosted their price objective on shares of Killam Apartment REIT from C$22.75 to C$24.00 in a research note on Wednesday, October 9th. Royal Bank of Canada reduced their price target on Killam Apartment REIT from C$24.50 to C$23.50 in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Killam Apartment REIT presently has an average rating of "Moderate Buy" and an average target price of C$22.38.

Killam Apartment REIT Trading Down 0.4 %

TSE KMP.UN traded down C$0.07 during trading hours on Monday, reaching C$16.72. The company's stock had a trading volume of 170,175 shares, compared to its average volume of 287,348. Killam Apartment REIT has a 52 week low of C$16.59 and a 52 week high of C$21.72. The company has a debt-to-equity ratio of 82.05, a current ratio of 0.10 and a quick ratio of 0.03. The stock has a market cap of C$1.99 billion, a P/E ratio of 6.43 and a beta of 1.10. The firm has a fifty day simple moving average of C$17.76 and a 200-day simple moving average of C$18.76.

Killam Apartment REIT Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were paid a dividend of $0.0583 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.70 annualized dividend and a yield of 4.18%. 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.