Killam Apartment REIT (TSE:KMP.UN) Receives C$22.45 Consensus Price Target from Brokerages

Shares of Killam Apartment REIT (TSE:KMP.UN - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the ten analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$22.45.

KMP.UN has been the topic of a number of research reports. National Bankshares raised their price target on Killam Apartment REIT from C$22.75 to C$24.00 in a research note on Wednesday, October 9th. Royal Bank of Canada raised their price target on Killam Apartment REIT from C$22.00 to C$23.00 in a research note on Friday, August 9th. Ventum Financial raised 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 target price on Killam Apartment REIT from C$22.00 to C$23.00 and gave the company a "buy" rating in a research note on Wednesday, September 4th. Finally, Raymond James upgraded Killam Apartment REIT from an "outperform" rating to a "strong-buy" rating and lifted their target price for the company from C$22.50 to C$24.00 in a research note on Friday, September 6th.

Killam Apartment REIT Stock Up 0.2 %

Shares of TSE KMP.UN traded up C$0.04 during midday trading on Monday, hitting C$19.30. 221,920 shares of the company's stock were exchanged, compared to its average volume of 252,524. The company has a debt-to-equity ratio of 82.05, a current ratio of 0.10 and a quick ratio of 0.03. Killam Apartment REIT has a twelve month low of C$15.36 and a twelve month high of C$21.72. The company has a market cap of C$2.30 billion, a PE ratio of 7.47 and a beta of 1.10. The firm's fifty day simple moving average is C$20.23 and its 200-day simple moving average is C$18.54.

Killam Apartment REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 15th will be issued a dividend of $0.0583 per share. The ex-dividend date is Thursday, October 31st. This represents a $0.70 annualized dividend and a yield of 3.62%. Killam Apartment REIT's dividend payout ratio is presently 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.