Killam Apartment REIT (KMP.UN) to Issue Monthly Dividend of $0.06 on February 18th

Killam Apartment REIT (TSE:KMP.UN) declared a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Shareholders of record on Tuesday, February 18th will be paid a dividend of 0.06 per share on Tuesday, February 18th. This represents a $0.72 annualized dividend and a yield of 4.31%. The ex-dividend date of this dividend is Friday, January 31st. This is an increase from Killam Apartment REIT’s previous monthly dividend of $0.06.

Killam Apartment REIT Trading Down 0.2 %

TSE:KMP.UN opened at C$16.71 on Wednesday. The stock has a market cap of C$1.99 billion, a price-to-earnings ratio of 6.43 and a beta of 1.10. The company has a quick ratio of 0.03, a current ratio of 0.10 and a debt-to-equity ratio of 82.05. The company’s 50 day moving average price is C$17.41 and its 200-day moving average price is C$18.72. Killam Apartment REIT has a 52 week low of C$16.44 and a 52 week high of C$21.72.

Analyst Ratings Changes

KMP.UN has been the topic of several recent analyst reports. National Bankshares increased their price objective on Killam Apartment REIT from C$22.75 to C$24.00 in a research report on Wednesday, October 9th. Raymond James dropped their target price on shares of Killam Apartment REIT from C$23.50 to C$22.25 in a report on Monday, January 13th. Finally, Royal Bank of Canada lowered their price target on Killam Apartment REIT from C$24.50 to C$23.50 in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$22.58.

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.