Killam Apartment REIT (KMP.UN) To Go Ex-Dividend on October 30th

Killam Apartment REIT (TSE:KMP.UN) declared a monthly dividend on Friday, October 30th. Investors of record on Monday, November 16th will be paid a dividend of $0.06 per share on Monday, November 16th. This represents a $0.72 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Friday, October 30th.

Killam Apartment REIT Price Performance

Shares of KMP.UN opened at C$17.36 on Wednesday. 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 1-year low of C$15.65 and a 1-year high of C$19.21. The stock has a market cap of C$2.08 billion, a PE ratio of 258.01 and a beta of 0.79. The firm has a fifty day moving average price of C$17.58 and a 200 day moving average price of C$17.65.

Killam Apartment REIT (TSE:KMP.UN) last released its quarterly earnings results on Wednesday, August 5th. The company reported C$0.53 EPS for the quarter. Killam Apartment REIT had a return on equity of 12.07% and a net margin of 86.91%. The business had revenue of C$99.16 million during the quarter. As a group, sell-side analysts anticipate that Killam Apartment REIT will post 1.29 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on KMP.UN. Scotia lifted their target price on shares of Killam Apartment REIT from C$20.00 to C$20.25 and gave the stock a “sector outperform” rating in a research note on Friday, August 7th. TD upped their target price on Killam Apartment REIT from C$21.00 to C$22.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Raymond James Financial increased their target price on Killam Apartment REIT from C$21.00 to C$21.25 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Seven analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$20.44.

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.