Killam Apartment REIT (TSE:KMP.UN) Trading Up 1.3% – Here’s Why

Killam Apartment REIT (TSE:KMP.UN) was up 1.3% during mid-day trading on Monday . The company traded as high as C$17.66 and last traded at C$17.53. Approximately 382,169 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 479,477 shares. The stock had previously closed at C$17.31.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on KMP.UN shares. Canaccord Genuity Group dropped their price target on shares of Killam Apartment REIT from C$20.00 to C$19.00 in a research report on Thursday, November 6th. BMO Capital Markets dropped their price objective on Killam Apartment REIT from C$20.00 to C$19.50 in a report on Wednesday, November 12th. Finally, TD Securities cut their target price on Killam Apartment REIT from C$22.00 to C$21.00 and set a “buy” rating for the company in a research report on Friday, December 12th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Killam Apartment REIT currently has an average rating of “Moderate Buy” and an average price target of C$20.30.

Killam Apartment REIT Stock Performance

The company’s fifty day simple moving average is C$16.60 and its 200 day simple moving average is C$17.61. The stock has a market capitalization of C$2.13 billion, a P/E ratio of 3.90 and a beta of 0.85. The company has a current ratio of 0.10, a quick ratio of 0.03 and a debt-to-equity ratio of 82.05.

Killam Apartment REIT (TSE:KMP.UN) last released its quarterly earnings results on Wednesday, November 5th. The company reported C$0.34 earnings per share for the quarter. Killam Apartment REIT had a net margin of 86.91% and a return on equity of 12.07%. The firm had revenue of C$98.47 million for the quarter. As a group, sell-side analysts forecast that Killam Apartment REIT will post 1.2904074 earnings per share for the current fiscal year.

Killam Apartment REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 17th were given a $0.06 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Friday, October 31st. Killam Apartment REIT’s dividend payout ratio is 16.00%.

About Killam Apartment REIT

Killam Apartment Real Estate Investment Trust is an open-ended mutual fund trust. The company specializes in the acquisition, management, and development of multi-residential apartment buildings and manufactured home communities (MHC). It has three main operating segments, Apartment segment, MHC segment, and Commercial segments. Apartment segment acquires, operates, manages and develops multi-family residential properties across Canada. MHC segment acquires and operates MHC communities in Ontario and Eastern Canada, and Commercial segment includes more than seven commercial properties.