Killam Apartment REIT (TSE:KMP.UN) Receives Average “Buy” Rating from Analysts
Killam Apartment REIT Shares (TSE:KMP.UN – Get a rating) received a consensus “buy” recommendation from the eleven analysts who cover the company, Market assessments reports. Seven equity research analysts rated the stock with a buy rating. The 1-year average price target among brokerages that have issued quotes on the stock in the past year is C$24.07.
A number of analysts have weighed in on KMP.UN shares recently. Canaccord Genuity Group lowered its price target on Killam Apartment REIT from C$25.50 to C$23.50 in a Friday, May 6 research note. TD Securities lowered its price target on Killam Apartment REIT from C$26.00 to C$25.00 and set a “buy” rating for the company in a Friday, May 6 research note. CIBC lowered its price target on Killam Apartment REIT from CA$26.00 to CA$25.00 and set an “outperform” rating for the company in a Friday, May 6 research note. National Bankshares lowered its price target on Killam Apartment REIT from CA$27.00 to CA$25.00 in a research note on Wednesday, April 27. Finally, Raymond James set a price target of CA$27.00 on Killam Apartment REIT and gave the stock an “outperform” rating in a Thursday, May 5 research note.
TSE:KMP.UN opened at C$18.88 on Tuesday. The company has a market capitalization of C$2.18 billion and a PE ratio of 7.31. Killam Apartment REIT has a fifty-two week minimum of CA$17.85 and a fifty-two week maximum of CA$24.15. The company has a debt ratio of 97.76, a quick ratio of 0.02 and a current ratio of 0.06. The company has a 50-day moving average price of CA$20.77 and a 200-day moving average price of CA$21.85.
The company also recently declared a monthly dividend, which was paid on Friday, April 15. Investors of record on Friday, April 15 received a dividend of $0.0583. This represents a dividend of $0.70 on an annualized basis and a yield of 3.71%. The ex-dividend date was Wednesday, March 30. Killam Apartment REIT’s payout ratio is 26.79%.
Killam Apartment REIT Company Profile (Get a rating)
Killam Apartment REIT, based in Halifax, Nova Scotia, is one of the largest residential landlords in Canada. It owns, operates, manages and develops a $2.8 billion portfolio of apartments and manufactured homes. Killam’s strategy to improve value and profitability focuses on three priorities: 1) increase profits from existing operations, 2) expand the portfolio and diversify geographically through accretive acquisitions, with an emphasis on new properties, and 3) develop high quality properties in its core. markets.
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