Killam Apartment REIT (TSE:KMP.UN) Given Consensus Rating of “Buy” by Brokerages

Killam Apartment REIT (TSE:KMP.UN) has been assigned a consensus rating of “Buy” from the eight analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$22.58.

A number of research analysts have recently commented on KMP.UN shares. National Bankshares upped their price objective on shares of Killam Apartment REIT from C$22.75 to C$24.00 in a research report on Wednesday, October 9th. Raymond James decreased their price objective on Killam Apartment REIT from C$23.50 to C$22.25 in a research note on Monday, January 13th. Finally, Royal Bank of Canada reduced their price objective on Killam Apartment REIT from C$24.50 to C$23.50 in a research report on Friday, November 8th.

Killam Apartment REIT Stock Up 1.5 %

Killam Apartment REIT stock opened at C$16.53 on Wednesday. The firm has a fifty day moving average price of C$17.24 and a two-hundred day moving average price of C$18.68. Killam Apartment REIT has a fifty-two week low of C$15.83 and a fifty-two week high of C$21.72. The firm has a market cap of C$1.97 billion, a price-to-earnings ratio of 6.36 and a beta of 1.10. 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 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 an increase 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 4.36%. The ex-dividend date of this dividend is Friday, January 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.