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

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

Killam Apartment REIT Trading Up 1.5 %

Shares of Killam Apartment REIT stock traded up C$0.25 on Wednesday, hitting C$16.67. The stock had a trading volume of 129,260 shares, compared to its average volume of 388,407. The stock has a 50 day moving average of C$16.76 and a 200 day moving average of C$18.47. The firm has a market capitalization of C$1.98 billion, a P/E ratio of 6.41 and a beta of 1.10. Killam Apartment REIT has a twelve month low of C$15.83 and a twelve month high of C$21.72. The company has a debt-to-equity ratio of 82.05, a quick ratio of 0.03 and a current ratio of 0.10.

Analyst Ratings Changes

KMP.UN has been the subject of several recent research reports. Royal Bank of Canada decreased their price target on shares of Killam Apartment REIT from C$24.50 to C$23.50 in a research report on Friday, November 8th. Raymond James decreased their price objective 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.