National Bankshares Raises Killam Apartment REIT (TSE:KMP.UN) Price Target to C$22.00

Killam Apartment REIT (TSE:KMP.UNFree Report) had its price target lifted by National Bankshares from C$20.50 to C$22.00 in a research report sent to investors on Monday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research firms have also recently issued reports on KMP.UN. Raymond James reduced their price objective on shares of Killam Apartment REIT from C$23.00 to C$21.25 in a research report on Wednesday, October 25th. Desjardins set a C$22.00 price target on Killam Apartment REIT and gave the company a buy rating in a research note on Friday, December 8th. CIBC reduced their price objective on Killam Apartment REIT from C$22.00 to C$20.00 and set an outperform rating on the stock in a research note on Thursday, November 9th. Canaccord Genuity Group increased their target price on Killam Apartment REIT from C$20.00 to C$22.00 and gave the company a buy rating in a research report on Wednesday, December 20th. Finally, Royal Bank of Canada decreased their price target on shares of Killam Apartment REIT from C$23.50 to C$23.00 and set an outperform rating on the stock in a research note on Thursday, November 9th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of C$21.44.

Read Our Latest Stock Analysis on Killam Apartment REIT

Killam Apartment REIT Stock Down 0.5 %

KMP.UN opened at C$18.73 on Monday. Killam Apartment REIT has a 1-year low of C$15.36 and a 1-year high of C$19.41. The company has a current ratio of 0.17, a quick ratio of 0.03 and a debt-to-equity ratio of 87.22. The company has a market capitalization of C$2.21 billion, a PE ratio of 8.63 and a beta of 1.04. The firm’s 50 day simple moving average is C$18.05 and its two-hundred day simple moving average is C$17.73.

Killam Apartment REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 15th will be paid a dividend of $0.0583 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend is Tuesday, January 30th. Killam Apartment REIT’s dividend payout ratio (DPR) is currently 32.26%.

About Killam Apartment REIT

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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.

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Analyst Recommendations for Killam Apartment REIT (TSE:KMP.UN)

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