Buy, Sell or Hold: Killam Properties Inc (KMP.UN-T) — Stock Predictions at Stockchase

TSE:KMP.UN

22.27

0.23 (1.04%) 1d

Showing 1 to 15 of 149 entries

BUY

Allan Tong’s Discover Picks Other numbers look healthy for KMP stock: A 9.6% PE, a 3.15% dividend based on a 26% payout ratio (half the sector’s number), and an ROI of 7% which is in-line with peers. KMP.UN boasts five buys and one hold on Bay Street with a $23.33 price target. That’s 5.18% higher. So, add the divvy and in a year, you’ll collect 8.33%. Maximize your gain by holding this in your TFSA. Safe and profitable, KMP.UN will let you sleep at night. Read 3 Long Term Growth Stocks for our full analysis.

property mngmnt / investment

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The recent property acquisition was well received by the market. The $190M purchase looks good and 5i likes the expansion into Ontario to diversify the business. Occupancy rate is high at 98% and average rent is $1,200. Unlock Premium - Try 5i Free

property mngmnt / investment

BUY

He's generally positive this. They're operated well during the pandemic. About 70% of their portfolio is in Atlantic Canada, which is stable. They've tried growing in Ontario and BC. Their valuation has hung in better than their peers. But he prefers REITs in hard-hit centres like Toronto's and Montreal's business cores Still a good REIT at current levels, though there's better upside elsewhere. The dividend is safe.

property mngmnt / investment

HOLD

Thinks highly of management. Focus on Atlantic, with nice expansion west. Stable operator. Nice value-added strategy. Steady growth. Rebounded nicely off lows. But growth won't be the same as other REITs.

property mngmnt / investment

BUY

Killam vs. Crombie REITs Killam holds apartments, an asset class he really likes among REITs. Rent-collection rates are really high for Killam, so no worries about that. All these REITs trade at a 10-15% discount to NAV. Funding costs will drop 1%, because they get funding from CMHC. A hiccup comes from mobile homes which had weakness in the last quarter. Other businesses are fine. CROMBIE: He owns Crombie's debt, not the REIT. This is anchroed by Canadian Safeway and Sobey stores. Highly defensive. Sobeys had an integration problem out west. He likes this as a conservative REIT, but it won't do much. Likes both.

property mngmnt / investment

PAST TOP PICK

(A Top Pick Oct 31/19, Down 6%) Recently trimmed position. Still sees upside. Collections are resilient. Very attractive price, 15% discount to NAV. Yield over 3.5%.

property mngmnt / investment

HOLD

Will it do well after a Covid vaccine emerges? They've been collecting all their rents. Good managers. He likes apartment REITs, which are well-positioned. After a vaccine, there will be higher rates of immigration that the government will promote. Immigrants will seek affordable housing, so Killam will benefit. Now, KMP is fairly valued, so hold and be patient.

property mngmnt / investment

HOLD

Likes their managers and strategy. They dominate across the Maritimes and have expanded into Ontario, BC, and have a small presence in Calgary. They outperform some apartment REITs, because they lack exposure in urban centres (urban, multi-family REITs have lagged). Killam should stability and growth in the coming year. Problem is that foreign students and movies are not renting in urban areas, and apartments face competition from condo supplies.

property mngmnt / investment

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TOP PICK

Among Canadian apartment REITs, CAP REIT gets all the love, but also the price appreciation. Actually, Killam's chart is nearly identical to CAP REIT year-to-date and pays a healthy 3.88% dividend yield (CAP REIT pays 2.84%). Whereas CAP REIT is centered on Toronto, Killam focuses on Atlantic Canada, namely Halifax and Charlottetown. Another difference is that Killam's properties are newer, so require less capex for upgrading and upkeep. Analyst Michelle Wearing likes its ever-growing dividend. It currently trades $3 shy of its $20.48 price target, and well off its pre-COVID high of $23.37, so there is room to run. However, the chart has been rangebound for the past three months between $16-18, so Killam may need a catalyst to boost it to the next level, perhaps a wider reopening in the Maritimes. Killam is for income investors and those thinking long-term, since the trend toward rentals and away from home ownership won't end anytime soon.

property mngmnt / investment

BUY

You are looking at quality assets in a quality sector. It is trading at quite a discount to NAV. It has a young portfolio. Every time a tenant leaves their suite you have to put in dollars and the older the building the more you have to put in. He owns it and has been buying it.

property mngmnt / investment

BUY

Eastern Canada focused in the multifamily space. He likes the company. This is a sector you want to be invested in. It trades at a discount to its net asset value. It sold off too much.

property mngmnt / investment

BUY

The multi-dwelling residential REIT space has been shooting up in markets like Halifax, Quebec and Toronto. KMP is making new developments. He likes this, but it's too expensive. Tailwinds (geographies) are working for KMP.

property mngmnt / investment

BUY

It's pulled back recently, so now is a good time to buy. They hold apartments, especially in the east coast, like Halifax and Charlottetown. Well-run.

property mngmnt / investment

HOLD

He thinks KMP is fair valued and he likes the management team. They have diversified outside of Atlantic Canada. There is a rumour that a portfolio is going to happen in the region at 4% unlevered cash return. KMP generates a 6% unlevered return which makes them highly valued.

property mngmnt / investment

TOP PICK

One of Canada's largest residential landlords. Mainly on east coast. Likes that it's a younger portfolio, in a non- rent controlled market. Track record of accretive development activity. Can generate mid-single digit growth. Dividend is well covered. Yield is 3.38%. (Analysts’ price target is $20.77)

property mngmnt / investment

Showing 1 to 15 of 149 entries

Killam Properties Inc(KMP.UN-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 4

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 5

Stockchase rating for Killam Properties Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Killam Properties Inc(KMP.UN-T) Frequently Asked Questions

What is Killam Properties Inc stock symbol?

Killam Properties Inc is a Canadian stock, trading under the symbol KMP.UN-T on the Toronto Stock Exchange (KMP.UN-CT). It is usually referred to as TSX:KMP.UN or KMP.UN-T

Is Killam Properties Inc a buy or a sell?

In the last year, 5 stock analysts published opinions about KMP.UN-T. 4 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Killam Properties Inc.

Is Killam Properties Inc a good investment or a top pick?

Killam Properties Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Killam Properties Inc.

Why is Killam Properties Inc stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Killam Properties Inc worth watching?

5 stock analysts on Stockchase covered Killam Properties Inc In the last year. It is a trending stock that is worth watching.

What is Killam Properties Inc stock price?

On 2021-12-01, Killam Properties Inc (KMP.UN-T) stock closed at a price of $22.27.

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