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 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date of this dividend is Friday, January 31st. This is a positive change from Killam Apartment REIT’s previous monthly dividend of $0.06.

Killam Apartment REIT Stock Performance

Shares of Killam Apartment REIT stock traded down C$0.08 during trading on Wednesday, reaching C$16.67. The company’s stock had a trading volume of 89,459 shares, compared to its average volume of 291,144. Killam Apartment REIT has a 52 week low of C$16.44 and a 52 week high of C$21.72. 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 business’s 50-day moving average price is C$17.41 and its 200-day moving average price is C$18.72. The firm has a market cap of C$1.98 billion, a PE ratio of 6.41 and a beta of 1.10.

Analysts Set New Price Targets

Several research analysts have recently commented on KMP.UN shares. Raymond James lowered their target price on shares of Killam Apartment REIT from C$23.50 to C$22.25 in a report on Monday, January 13th. Royal Bank of Canada cut their target price on Killam Apartment REIT from C$24.50 to C$23.50 in a research report on Friday, November 8th. Finally, National Bankshares raised their price target on Killam Apartment REIT from C$22.75 to C$24.00 in a research report on Wednesday, October 9th. One 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. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$22.58.

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.