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

Killam Apartment REIT (TSE:KMP.UN) announced a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Investors of record on Monday, March 17th will be given a dividend of 0.06 per share on Monday, March 17th. This represents a $0.72 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date is Friday, February 28th.

Killam Apartment REIT Price Performance

Shares of Killam Apartment REIT stock traded up C$0.23 during trading hours on Wednesday, reaching C$16.65. The company’s stock had a trading volume of 107,630 shares, compared to its average volume of 387,258. 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$15.83 and a one year high of C$21.72. The firm has a 50 day moving average price of C$16.76 and a 200-day moving average price of C$18.47. The stock has a market cap of C$1.98 billion, a P/E ratio of 6.40 and a beta of 1.10.

Analyst Ratings Changes

Several research firms have recently issued reports on KMP.UN. Royal Bank of Canada lowered their price objective on Killam Apartment REIT from C$24.50 to C$23.50 in a research note on Friday, November 8th. Raymond James decreased their price target on Killam Apartment REIT from C$22.25 to C$21.50 in a report on Friday, February 14th.

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.