Killam Apartment REIT (TSE:KMP.UN) Announces Monthly Dividend of $0.05

Killam Apartment REIT (TSE:KMP.UN) announced a monthly dividend on Wednesday, November 29th, TickerTech reports. Investors of record on Friday, December 15th will be given a dividend of 0.0517 per share on Friday, December 15th. This represents a $0.62 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend is Wednesday, November 29th.

Shares of Killam Apartment REIT (KMP.UN) traded up C$0.18 during trading on Thursday, hitting C$14.20. The stock had a trading volume of 148,887 shares, compared to its average volume of 130,195. Killam Apartment REIT has a fifty-two week low of C$11.57 and a fifty-two week high of C$14.40.

A number of brokerages have issued reports on KMP.UN. TD Securities boosted their target price on Killam Apartment REIT from C$14.50 to C$15.50 and gave the company a “buy” rating in a research report on Thursday, November 9th. Desjardins boosted their target price on Killam Apartment REIT from C$15.00 to C$15.50 in a research report on Thursday, November 30th. Scotiabank upped their price objective on Killam Apartment REIT from C$13.25 to C$14.50 and gave the stock a “sector perform” rating in a research report on Thursday, November 9th. National Bank Financial upped their price objective on Killam Apartment REIT from C$13.75 to C$14.00 and gave the stock an “outperform” rating in a research report on Friday, August 11th. Finally, Royal Bank Of Canada upped their price objective on Killam Apartment REIT from C$14.00 to C$14.50 and gave the stock an “outperform” rating in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of C$14.50.

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About Killam Apartment REIT

Killam Apartment Real Estate Investment Trust (REIT) is a Canada-based real estate investment trust. The Trust is engaged in owning, operating, managing and developing multi-family residential and manufactured home community (MHC) properties. Its segments include Apartment, MHC and Other. The Apartment segment acquires, operates, manages and develops multi-family residential properties across Canada and it includes building improvements; suite renovations; appliances; boilers and heating equipment; other; equipment; parking lots, and land improvements.

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

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