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

Killam Apartment REIT (TSE:KMP.UN) announced a monthly dividend on Monday, April 29th, TickerTech reports. Shareholders of record on Wednesday, May 15th will be given a dividend of 0.0583 per share on Wednesday, May 15th. This represents a $0.70 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date is Monday, April 29th.

Killam Apartment REIT Trading Up 0.3 %

TSE:KMP.UN opened at C$17.27 on Friday. The company has a current ratio of 0.08, a quick ratio of 0.03 and a debt-to-equity ratio of 88.09. The stock has a market capitalization of C$2.04 billion, a price-to-earnings ratio of 7.68 and a beta of 1.05. The firm has a fifty day simple moving average of C$18.44 and a two-hundred day simple moving average of C$18.00. Killam Apartment REIT has a 12 month low of C$15.36 and a 12 month high of C$20.13.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on KMP.UN shares. Scotiabank reduced their price target on shares of Killam Apartment REIT from C$21.00 to C$20.50 and set a “sector perform” rating for the company in a report on Monday, March 25th. BMO Capital Markets raised 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 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 report on Wednesday. Laurentian cut shares of Killam Apartment REIT from a “buy” rating to a “hold” rating and set a C$20.50 price target for the company. in a report on Monday, January 22nd. Finally, TD Securities dropped their price objective on shares of Killam Apartment REIT from C$23.00 to C$22.00 in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$21.88.

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.