Killam Apartment REIT (TSE:KMP.UN) Price Target Cut to C$22.25 by Analysts at Raymond James

Killam Apartment REIT (TSE:KMP.UN) had its price target trimmed by Raymond James from C$23.50 to C$22.25 in a report published on Monday,BayStreet.CA reports.

KMP.UN has been the subject of a number of other research reports. Royal Bank of Canada decreased their price objective on shares of Killam Apartment REIT from C$24.50 to C$23.50 in a research note on Friday, November 8th. National Bankshares boosted their price target on Killam Apartment REIT from C$22.75 to C$24.00 in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$22.38.

Killam Apartment REIT Stock Down 0.4 %

KMP.UN stock opened at C$16.72 on Monday. The firm has a market cap of C$1.99 billion, a PE ratio of 6.43 and a beta of 1.10. Killam Apartment REIT has a 12 month low of C$16.59 and a 12 month high of C$21.72. The company has a debt-to-equity ratio of 82.05, a current ratio of 0.10 and a quick ratio of 0.03. The firm has a 50 day simple moving average of C$17.76 and a 200 day simple moving average of C$18.76.

Killam Apartment REIT Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were issued a $0.0583 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.18%. Killam Apartment REIT’s payout ratio 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.