Killam Apartment REIT (TSE:KMP.UN) Announces Monthly Dividend of $0.06

Killam Apartment REIT (TSE:KMP.UN - Get Free Report) announced a monthly dividend on Thursday, October 31st, TickerTech reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.0583 per share on Friday, November 15th. This represents a $0.70 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend is Thursday, October 31st.

Killam Apartment REIT Trading Down 0.4 %

Shares of KMP.UN traded down C$0.08 during trading on Tuesday, reaching C$19.22. 372,761 shares of the company traded hands, compared to its average volume of 253,099. The stock has a 50-day simple moving average of C$20.24 and a 200-day simple moving average of C$18.55. The stock has a market cap of C$2.29 billion, a PE ratio of 7.39 and a beta of 1.10. Killam Apartment REIT has a twelve month low of C$15.36 and a twelve month high of C$21.72. The company has a quick ratio of 0.03, a current ratio of 0.10 and a debt-to-equity ratio of 82.05.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KMP.UN. Ventum Financial lifted their price target on Killam Apartment REIT from C$22.50 to C$23.00 in a report on Friday, August 9th. Raymond James raised Killam Apartment REIT from an "outperform" rating to a "strong-buy" rating and increased their price target for the stock from C$22.50 to C$24.00 in a report on Friday, September 6th. TD Securities raised their target price on shares of Killam Apartment REIT from C$22.00 to C$23.00 and gave the stock a "buy" rating in a research note on Wednesday, September 4th. National Bankshares lifted their target price on shares of Killam Apartment REIT from C$22.75 to C$24.00 in a report on Wednesday, October 9th. Finally, Royal Bank of Canada increased their target price on Killam Apartment REIT from C$22.00 to C$23.00 in a research note on Friday, August 9th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Killam Apartment REIT has a consensus rating of "Moderate Buy" and an average price target of C$22.45.

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.