Killam Apartment REIT (TSE:KMP.UN) Reaches New 12-Month Low - Should You Sell?

Shares of Killam Apartment REIT (TSE:KMP.UN - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$15.75 and last traded at C$15.89, with a volume of 52295 shares changing hands. The stock had previously closed at C$16.61.

Analysts Set New Price Targets

Separately, Raymond James dropped their price target on Killam Apartment REIT from C$22.25 to C$21.50 in a research report on Friday, February 14th.

Killam Apartment REIT Price Performance

The business has a fifty day moving average of C$16.72 and a 200 day moving average of C$17.73. The company has a debt-to-equity ratio of 82.05, a current ratio of 0.10 and a quick ratio of 0.03. The stock has a market cap of C$1.91 billion, a PE ratio of 6.19 and a beta of 1.10.

Killam Apartment REIT Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were issued a $0.06 dividend. This represents a $0.72 annualized dividend and a dividend yield of 4.47%. The ex-dividend date was Friday, February 28th. Killam Apartment REIT's dividend payout ratio (DPR) is presently 26.92%.

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.