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

Killam Apartment REIT (TSE:KMP.UN) 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.

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.