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

Killam Apartment REIT (TSE:KMP.UN) declared a monthly dividend on Wednesday, April 30th, TickerTech Dividends reports. Investors of record on Thursday, May 15th will be given a dividend of 0.06 per share on Thursday, May 15th. This represents a $0.72 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date is Wednesday, April 30th.

Killam Apartment REIT Stock Performance

Shares of Killam Apartment REIT stock opened at C$17.18 on Monday. The company’s 50 day moving average price is C$16.76 and its two-hundred day moving average price is C$17.42. The firm has a market capitalization of C$2.04 billion, a P/E ratio of 6.61 and a beta of 1.10. Killam Apartment REIT has a fifty-two week low of C$15.48 and a fifty-two week high of C$21.72. The company has a debt-to-equity ratio of 82.05, a current ratio of 0.10 and a quick ratio of 0.03.

Analyst Ratings Changes

Separately, Raymond James reduced their price objective on Killam Apartment REIT from C$22.25 to C$21.50 in a research 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.