Killam Apartment REIT (TSE:KMP.UN) Given New C$21.50 Price Target at Raymond James

Killam Apartment REIT (TSE:KMP.UN) had its price objective trimmed by Raymond James from C$22.25 to C$21.50 in a research note issued to investors on Friday,BayStreet.CA reports.

Separately, Royal Bank of Canada dropped their target price on shares of Killam Apartment REIT from C$24.50 to C$23.50 in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Killam Apartment REIT currently has a consensus rating of “Buy” and a consensus target price of C$22.50.

Killam Apartment REIT Stock Down 3.1 %

Killam Apartment REIT stock opened at C$16.16 on Friday. The firm has a 50 day moving average price of C$16.99 and a two-hundred day moving average price of C$18.60. The company has a debt-to-equity ratio of 82.05, a quick ratio of 0.03 and a current ratio of 0.10. Killam Apartment REIT has a 52-week low of C$15.83 and a 52-week high of C$21.72. The firm has a market cap of C$1.92 billion, a price-to-earnings ratio of 6.22 and a beta of 1.10.

Killam Apartment REIT Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date of this dividend is Friday, January 31st. This is a boost from Killam Apartment REIT’s previous monthly dividend of $0.06. Killam Apartment REIT’s dividend payout ratio is 26.92%.

About Killam Apartment REIT

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.