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

Killam Apartment REIT (TSE:KMP.UN) declared a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Shareholders 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 annualized dividend and a yield of 4.33%. The ex-dividend date is Friday, February 28th.

Killam Apartment REIT Price Performance

Shares of TSE KMP.UN traded up C$0.21 during mid-day trading on Wednesday, reaching C$16.63. The company had a trading volume of 175,085 shares, compared to its average volume of 390,276. Killam Apartment REIT has a 1-year low of C$15.83 and a 1-year high of C$21.72. The company has a 50-day moving average price of C$16.74 and a two-hundred day moving average price of C$18.45. The company has a current ratio of 0.10, a quick ratio of 0.03 and a debt-to-equity ratio of 82.05. The stock has a market cap of C$1.98 billion, a PE ratio of 6.40 and a beta of 1.10.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada lowered their price objective on shares of Killam Apartment REIT from C$24.50 to C$23.50 in a research note on Friday, November 8th. Raymond James dropped their price target on shares of Killam Apartment REIT from C$22.25 to C$21.50 in a research note on Friday, February 14th.

About Killam Apartment REIT

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.