Killam Apartment REIT (KMP.UN) to Issue Monthly Dividend of $0.06 on June 17th

Killam Apartment REIT (TSE:KMP.UNGet Free Report) declared a monthly dividend on Friday, May 31st, TickerTech reports. Shareholders of record on Monday, June 17th will be given a dividend of 0.0583 per share on Monday, June 17th. This represents a $0.70 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date is Friday, May 31st.

Killam Apartment REIT Stock Performance

Shares of TSE KMP.UN traded down C$0.08 during midday trading on Wednesday, reaching C$16.98. The company’s stock had a trading volume of 45,150 shares, compared to its average volume of 262,671. Killam Apartment REIT has a 12-month low of C$15.36 and a 12-month high of C$20.13. The firm has a 50 day moving average price of C$17.61 and a 200-day moving average price of C$18.14. The stock has a market capitalization of C$2.02 billion, a P/E ratio of 6.52 and a beta of 1.06. The company has a debt-to-equity ratio of 85.23, a current ratio of 0.11 and a quick ratio of 0.03.

Analyst Ratings Changes

KMP.UN has been the topic of a number of research reports. BMO Capital Markets lifted their price target on shares of Killam Apartment REIT from C$20.50 to C$22.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. National Bankshares lowered their price target on shares of Killam Apartment REIT from C$22.75 to C$21.50 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. CIBC lifted their price target on shares of Killam Apartment REIT from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Royal Bank of Canada lifted their price target on shares of Killam Apartment REIT from C$23.50 to C$24.00 in a report on Thursday, May 9th. Finally, TD Securities lowered their price target on shares of Killam Apartment REIT from C$23.00 to C$22.00 in a report on Wednesday, April 24th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Killam Apartment REIT has an average rating of “Moderate Buy” and a consensus target price of C$21.93.

Get Our Latest Stock Analysis on KMP.UN

Killam Apartment REIT Company Profile

(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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