Killam Apartment REIT (KMP.UN) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: C$17.21 to C$17.74
• 50-Day Range: C$17.55 to C$20.32
• 52-Week Range: C$16.62 to C$21.72
• Volume: 354,494 shs
• Average Volume: 255,998 shs
• Market Capitalization: C$2.05 billion
• P/E Ratio: 6.64
• Dividend Yield: 4.06%
• Price Target: C$22.50
• Consensus Rating: Moderate Buy

Killam Apartment REIT Stock Analysis - MarketRank™

Killam Apartment REIT scored higher than 68% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Killam Apartment REIT has received a consensus rating of Moderate Buy. The company's average rating score is 2.90, and is based on 7 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Killam Apartment REIT has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Killam Apartment REIT is 6.76, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.02.

Price to Earnings Ratio vs. Sector

The P/E ratio of Killam Apartment REIT is 6.76, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 269.36.

Price to Book Value per Share Ratio

Killam Apartment REIT has a P/B Ratio of 0.78. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for KMP.UN.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Killam Apartment REIT is a leading dividend payer. It pays a dividend yield of 3.56%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Killam Apartment REIT does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Killam Apartment REIT is 26.92%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for KMP.UN.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.45

News Sentiment

Killam Apartment REIT has a news sentiment score of 0.45. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.32 average news sentiment score of Real Estate companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Killam Apartment REIT this week, compared to 1 article on an average week.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Killam Apartment REIT insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.43% of the stock of Killam Apartment REIT is held by insiders.

Percentage Held by Institutions

Only 39.36% of the stock of Killam Apartment REIT is held by institutions.

KMP.UN Stock Analysis - Frequently Asked Questions

How have KMP.UN shares performed this year?

Killam Apartment REIT's stock was trading at C$17.96 at the beginning of the year. Since then, KMP.UN stock has decreased by 2.2% and is now trading at C$17.57.
View the best growth stocks for 2024 here.

How do I buy shares of Killam Apartment REIT?

Shares of KMP.UN stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

Company Calendar

• Ex-Dividend for 10/15 Dividend: 9/27/2024
• Dividend Payable: 10/15/2024
• Ex-Dividend for 11/15 Dividend: 10/31/2024
• Dividend Payable: 11/15/2024
• Today: 12/18/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Real Estate
• Industry: REIT - Residential
• Sub-Industry: N/A
• Current Symbol: TSE:KMP.UN
• CUSIP: N/A
• CIK: N/A
• Web: www.killamproperties.com
• Phone: +1-902-4539000
• Fax: N/A
• Employees: 616
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$22.50
• High Stock Price Target: C$24.00
• Low Stock Price Target: C$20.50
• Potential Upside/Downside: +27.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.90
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$2.60
• Trailing P/E Ratio: 6.79
• Forward P/E Ratio: 13.68
• P/E Growth: N/A
• Net Income: C$310.02 million
• Net Margins: 86.91%
• Pretax Margin: N/A
• Return on Equity: 12.07%
• Return on Assets: 2.57%

Debt

• Debt-to-Equity Ratio: 82.05
• Current Ratio: 0.10
• Quick Ratio: 0.03

Sales & Book Value

• Annual Sales: C$356.70 million
• Price / Sales: 5.89
• Cash Flow: C$0.09 per share
• Price / Cash Flow: 190.92
• Book Value: C$22.64 per share
• Price / Book: 0.78

Miscellaneous

• Outstanding Shares: 119,010,000
• Free Float: N/A
• Market Cap: C$2.10 billion
• Optionable: Not Optionable
• Beta: 1.10