Killam Apartment REIT (TSE:KMP.UN) Raises Dividend to $0.06 Per Share

Killam Apartment REIT (TSE:KMP.UN) announced 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 Trading Down 0.5 %

Shares of TSE:KMP.UN traded down C$0.08 during mid-day trading on Wednesday, hitting C$16.67. The company had a trading volume of 89,459 shares, compared to its average volume of 291,144. The company has a debt-to-equity ratio of 82.05, a current ratio of 0.10 and a quick ratio of 0.03. Killam Apartment REIT has a one year low of C$16.44 and a one year high of C$21.72. The firm has a fifty day moving average price of C$17.41 and a 200 day moving average price of C$18.72. The company has a market capitalization of C$1.98 billion, a PE ratio of 6.41 and a beta of 1.10.

Analyst Upgrades and Downgrades

KMP.UN has been the topic of a number of research analyst reports. Raymond James cut their price objective on shares of Killam Apartment REIT from C$23.50 to C$22.25 in a research report on Monday, January 13th. Royal Bank of Canada decreased their price objective on Killam Apartment REIT from C$24.50 to C$23.50 in a report on Friday, November 8th. Finally, National Bankshares lifted their target price 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 issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Killam Apartment REIT has a consensus rating of “Buy” and an average target price 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.