Killam Apartment REIT (TSE:KMP.UN) to Issue Monthly Dividend of $0.06

Killam Apartment REIT (TSE:KMP.UN) announced a monthly dividend on Friday, July 31st, TickerTech Dividends reports. Shareholders of record on Monday, August 17th will be paid a dividend of 0.06 per share on Monday, August 17th. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, July 31st.

Killam Apartment REIT Stock Performance

TSE:KMP.UN opened at C$18.81 on Wednesday. The company has a quick ratio of 0.03, a current ratio of 0.10 and a debt-to-equity ratio of 82.05. The firm’s fifty day simple moving average is C$18.64 and its 200 day simple moving average is C$17.58. The stock has a market cap of C$2.30 billion, a P/E ratio of -96.32 and a beta of 0.79. Killam Apartment REIT has a twelve month low of C$15.65 and a twelve month high of C$19.21.

Killam Apartment REIT (TSE:KMP.UN) last posted its earnings results on Thursday, May 7th. The company reported C$0.41 earnings per share for the quarter. The firm had revenue of C$96.68 million for the quarter. Killam Apartment REIT had a return on equity of 12.07% and a net margin of 86.91%. As a group, research analysts predict that Killam Apartment REIT will post 1.2904074 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Scotia boosted their price objective on shares of Killam Apartment REIT from C$19.50 to C$20.00 and gave the stock a “sector outperform” rating in a report on Friday, May 8th. National Bank Financial upped their price target on Killam Apartment REIT from C$19.75 to C$20.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Raymond James Financial increased their price objective on Killam Apartment REIT from C$20.00 to C$20.25 and gave the company an “outperform” rating in a research report on Friday, May 8th. TD boosted their target price on Killam Apartment REIT from C$20.00 to C$21.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Finally, Royal Bank Of Canada upped their target price on shares of Killam Apartment REIT from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Killam Apartment REIT has a consensus rating of “Moderate Buy” and a consensus target price of C$20.23.

Killam Apartment REIT Company Profile

Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada’s largest residential real estate investment trusts, owning, operating and developing a $5.4 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 which target newer properties and through the disposition of non-core assets, and 3) developing high-quality properties in its core markets.