Killam Apartment REIT (KMP.UN) To Go Ex-Dividend on October 31st

Killam Apartment REIT (TSE:KMP.UNGet Free Report) declared a monthly dividend on Thursday, October 31st, TickerTech reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.0583 per share on Friday, November 15th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend is Thursday, October 31st.

Killam Apartment REIT Stock Down 0.3 %

Shares of Killam Apartment REIT stock traded down C$0.06 during trading on Tuesday, reaching C$19.24. The company’s stock had a trading volume of 7,543 shares, compared to its average volume of 251,352. The company has a 50-day simple moving average of C$20.24 and a two-hundred day simple moving average of C$18.55. Killam Apartment REIT has a 1-year low of C$15.36 and a 1-year high of C$21.72. The company has a market cap of C$2.29 billion, a price-to-earnings ratio of 7.42 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.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KMP.UN. Raymond James upgraded Killam Apartment REIT from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from C$22.50 to C$24.00 in a research note on Friday, September 6th. National Bankshares boosted their target price on shares of Killam Apartment REIT from C$22.75 to C$24.00 in a research report on Wednesday, October 9th. TD Securities upped their price target on shares of Killam Apartment REIT from C$22.00 to C$23.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Ventum Financial lifted their price objective on shares of Killam Apartment REIT from C$22.50 to C$23.00 in a research note on Friday, August 9th. Finally, Royal Bank of Canada upped their target price on Killam Apartment REIT from C$22.00 to C$23.00 in a research report on Friday, August 9th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$22.45.

View Our Latest Stock Analysis on Killam Apartment REIT

About Killam Apartment REIT

(Get Free Report)

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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