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 Monday, April 29th, TickerTech reports. Stockholders of record on Wednesday, May 15th will be paid a dividend of 0.0583 per share on Wednesday, May 15th. This represents a $0.70 annualized dividend and a dividend yield of 4.05%. The ex-dividend date is Monday, April 29th.

Killam Apartment REIT Stock Up 0.3 %

Shares of TSE:KMP.UN traded up C$0.05 during trading on Friday, hitting C$17.27. 75,588 shares of the company were exchanged, compared to its average volume of 230,762. The stock has a market capitalization of C$2.04 billion, a P/E ratio of 7.68 and a beta of 1.05. The company has a debt-to-equity ratio of 88.09, a current ratio of 0.08 and a quick ratio of 0.03. Killam Apartment REIT has a 12-month low of C$15.36 and a 12-month high of C$20.13. The firm's 50 day moving average price is C$18.44 and its 200-day moving average price is C$18.00.

Analyst Ratings Changes

KMP.UN has been the subject of several recent analyst reports. BMO Capital Markets boosted their price objective on shares of Killam Apartment REIT from C$20.50 to C$22.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 20th. Desjardins boosted their price objective on shares of Killam Apartment REIT from C$22.00 to C$23.00 and gave the stock a "buy" rating in a research report on Friday, February 16th. Royal Bank of Canada boosted their price objective on shares of Killam Apartment REIT from C$23.00 to C$23.50 and gave the stock an "outperform" rating in a research report on Friday, February 16th. National Bankshares reduced their price target on shares of Killam Apartment REIT from C$22.75 to C$21.50 and set an "outperform" rating for the company in a research report on Wednesday. Finally, CIBC upped their price target on shares of Killam Apartment REIT from C$20.00 to C$22.00 and gave the company an "outperform" rating in a research report on Friday, February 16th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$21.88.

About Killam Apartment REIT

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.