Killam Apartment REIT (KMP.UN) to Issue Monthly Dividend of $0.06 on March 15th

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Killam Apartment REIT (TSE:KMP.UN) declared a monthly dividend on Thursday, February 25th, TickerTech reports. Shareholders of record on Monday, March 15th will be given a dividend of 0.0567 per share on Monday, March 15th. This represents a $0.68 annualized dividend and a yield of 3.81%. The ex-dividend date is Thursday, February 25th.

Shares of TSE:KMP.UN opened at C$17.85 on Tuesday. Killam Apartment REIT has a 12-month low of C$13.90 and a 12-month high of C$23.37. The business’s fifty day simple moving average is C$17.70 and its 200-day simple moving average is C$17.46. The company has a market capitalization of C$1.83 billion and a PE ratio of 12.61. The company has a current ratio of 0.09, a quick ratio of 0.03 and a debt-to-equity ratio of 95.55.

A number of brokerages have recently issued reports on KMP.UN. Royal Bank of Canada cut their price target on Killam Apartment REIT to C$20.50 and set an “outperform” rating on the stock in a report on Wednesday, February 17th. Scotiabank cut their price target on Killam Apartment REIT from C$20.50 to C$20.25 in a report on Friday, November 6th. Raymond James reiterated an “outperform” rating and issued a C$20.50 price target on shares of Killam Apartment REIT in a report on Friday, February 12th. CIBC lifted their price target on Killam Apartment REIT from C$21.50 to C$22.50 in a report on Friday, February 12th. Finally, BMO Capital Markets lifted their price target on Killam Apartment REIT from C$19.50 to C$20.00 in a report on Friday, February 12th. Five analysts have rated the stock with a buy rating, Killam Apartment REIT currently has a consensus rating of “Buy” and an average price target of C$20.97.

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.

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Dividend History for Killam Apartment REIT (TSE:KMP.UN)

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