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

Shares of Killam Apartment REIT (TSE:KMP.UN - Get Free Report) have been assigned an average recommendation of "Buy" from the eight brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$22.58.

Several equities research analysts have recently weighed in on KMP.UN shares. Royal Bank of Canada dropped their target price on shares of Killam Apartment REIT from C$24.50 to C$23.50 in a research report on Friday, November 8th. Raymond James dropped their target price on shares of Killam Apartment REIT from C$23.50 to C$22.25 in a research report on Monday, January 13th.

Killam Apartment REIT Stock Down 0.5 %

KMP.UN stock traded down C$0.09 during trading on Wednesday, reaching C$16.55. The stock had a trading volume of 279,070 shares, compared to its average volume of 379,278. Killam Apartment REIT has a 1-year low of C$15.83 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 company has a market capitalization of C$1.97 billion, a P/E ratio of 6.37 and a beta of 1.10. The firm has a fifty day moving average price of C$17.14 and a 200 day moving average price of C$18.65.

Killam Apartment REIT Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be paid a $0.06 dividend. This is a positive change from Killam Apartment REIT's previous monthly dividend of $0.06. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date of this dividend is Friday, January 31st. Killam Apartment REIT's dividend payout ratio is currently 26.92%.

About Killam Apartment REIT

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.