Canaccord Genuity Group downgraded shares of Killam Apartment REIT (TSE:KMP.UN - Free Report) from a buy rating to a hold rating in a research report report published on Friday,BayStreet.CA reports. The brokerage currently has C$20.00 price objective on the stock, up from their prior price objective of C$19.25.
Separately, BMO Capital Markets increased their price objective on shares of Killam Apartment REIT from C$19.50 to C$20.00 in a research note on Monday, May 12th.
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Killam Apartment REIT Stock Performance
KMP.UN stock traded up C$0.16 during midday trading on Friday, reaching C$18.33. 80,287 shares of the company's stock traded hands, compared to its average volume of 324,626. The stock's 50-day moving average is C$19.25 and its 200 day moving average is C$17.74. The company has a current ratio of 0.10, a quick ratio of 0.03 and a debt-to-equity ratio of 82.05. The stock has a market cap of C$2.18 billion, a P/E ratio of 7.05 and a beta of 1.10. Killam Apartment REIT has a 52-week low of C$15.48 and a 52-week high of C$21.72.
Killam Apartment REIT Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 15th will be given a $0.06 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. Killam Apartment REIT's payout ratio is presently 26.92%.
Killam Apartment REIT Company Profile
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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.
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