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

Killam Apartment REIT (TSE:KMP.UN - Get Free Report) 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 4.41%. The ex-dividend date of this dividend is Friday, February 28th.

Killam Apartment REIT Stock Down 0.2 %

TSE KMP.UN traded down C$0.03 on Friday, hitting C$16.32. 654,682 shares of the stock were exchanged, compared to its average volume of 404,412. The company has a 50-day moving average price of C$16.70 and a 200-day moving average price of C$18.41. Killam Apartment REIT has a fifty-two week low of C$15.83 and a fifty-two week high of C$21.72. The company has a quick ratio of 0.03, a current ratio of 0.10 and a debt-to-equity ratio of 82.05. The company has a market cap of C$1.94 billion, a PE ratio of 6.28 and a beta of 1.10.

Wall Street Analyst Weigh In

KMP.UN has been the subject of several research analyst reports. Royal Bank of Canada lowered their target price on shares of Killam Apartment REIT from C$24.50 to C$23.50 in a report on Friday, November 8th. Raymond James lowered their target price on shares of Killam Apartment REIT from C$22.25 to C$21.50 in a report on Friday, February 14th.

Remove Ads

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.