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

Killam Apartment REIT (TSE:KMP.UN) declared a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Stockholders 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 dividend yield of 4.32%. The ex-dividend date is Friday, February 28th.

Killam Apartment REIT Trading Up 1.4 %

KMP.UN traded up C$0.23 on Wednesday, reaching C$16.65. 107,630 shares of the company traded hands, compared to its average volume of 387,258. 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$1.98 billion, a P/E ratio of 6.40 and a beta of 1.10. The firm has a fifty day simple moving average of C$16.76 and a two-hundred day simple moving average of C$18.47. Killam Apartment REIT has a one year low of C$15.83 and a one year high of C$21.72.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Raymond James lowered their price target on Killam Apartment REIT from C$22.25 to C$21.50 in a report on Friday, February 14th. Royal Bank of Canada lowered their target price on Killam Apartment REIT from C$24.50 to C$23.50 in a report on Friday, November 8th.

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.