Killam Apartment REIT (KMP.UN) To Go Ex-Dividend on April 29th

Killam Apartment REIT (TSE:KMP.UN) declared a monthly dividend on Monday, April 29th, TickerTech reports. Shareholders 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 yield of 4.05%. The ex-dividend date of this dividend is Monday, April 29th.

Killam Apartment REIT Stock Up 0.3 %

Shares of TSE KMP.UN traded up C$0.05 during midday trading on Friday, hitting C$17.27. 75,588 shares of the stock traded hands, compared to its average volume of 230,762. The company has a market cap of C$2.04 billion, a PE ratio of 7.68 and a beta of 1.05. Killam Apartment REIT has a one year low of C$15.36 and a one year high of C$20.13. The business has a 50 day moving average price of C$18.44 and a two-hundred day moving average price of C$18.00. The company has a debt-to-equity ratio of 88.09, a quick ratio of 0.03 and a current ratio of 0.08.

Wall Street Analyst Weigh In

KMP.UN has been the subject of several recent research reports. Raymond James decreased their price objective on Killam Apartment REIT from C$22.75 to C$21.75 and set an “outperform” rating for the company in a report on Wednesday. Royal Bank of Canada boosted their price objective on Killam Apartment REIT from C$23.00 to C$23.50 and gave the company an “outperform” rating in a report on Friday, February 16th. Laurentian downgraded Killam Apartment REIT from a “buy” rating to a “hold” rating and set a C$20.50 price objective for the company. in a report on Monday, January 22nd. Scotiabank decreased their price objective on 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. Finally, CIBC boosted their price objective on Killam Apartment REIT from C$20.00 to C$22.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.