Killam Apartment REIT (KMP.UN) to Issue Monthly Dividend of $0.06 on November 15th

Killam Apartment REIT (TSE:KMP.UNGet Free Report) declared a monthly dividend on Thursday, October 31st, TickerTech reports. Investors 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 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date is Thursday, October 31st.

Killam Apartment REIT Stock Down 0.3 %

TSE:KMP.UN traded down C$0.05 on Tuesday, hitting C$19.25. 44,705 shares of the company’s stock were exchanged, compared to its average volume of 251,396. The firm has a 50-day moving average price of C$20.24 and a 200-day moving average price of C$18.55. Killam Apartment REIT has a 52 week low of C$15.36 and a 52 week 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 company has a market cap of C$2.29 billion, a P/E ratio of 7.42 and a beta of 1.10.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KMP.UN. Raymond James upgraded Killam Apartment REIT from an “outperform” rating to a “strong-buy” rating and upped their target price for the stock from C$22.50 to C$24.00 in a report on Friday, September 6th. National Bankshares upped their price objective on Killam Apartment REIT from C$22.75 to C$24.00 in a research note on Wednesday, October 9th. TD Securities raised their target price on shares of Killam Apartment REIT from C$22.00 to C$23.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Ventum Financial upped their price target on shares of Killam Apartment REIT from C$22.50 to C$23.00 in a research report on Friday, August 9th. Finally, Royal Bank of Canada lifted their price objective on shares of Killam Apartment REIT from C$22.00 to C$23.00 in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$22.45.

Read Our Latest Stock Analysis on KMP.UN

About Killam Apartment REIT

(Get Free Report)

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.

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Dividend History for Killam Apartment REIT (TSE:KMP.UN)

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