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

Killam Apartment REIT (TSE:KMP.UN - Get Free Report) 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 annualized dividend and a yield of 4.01%. The ex-dividend date is Wednesday, April 30th.

Killam Apartment REIT Stock Performance

TSE KMP.UN traded up C$0.16 during midday trading on Friday, hitting C$17.94. The company had a trading volume of 186,334 shares, compared to its average volume of 388,738. The firm has a fifty day simple moving average of C$16.88 and a two-hundred day simple moving average of C$17.37. 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 quick ratio of 0.03, a current ratio of 0.10 and a debt-to-equity ratio of 82.05. The stock has a market cap of C$2.14 billion, a price-to-earnings ratio of 6.90 and a beta of 1.10.

Analyst Upgrades and Downgrades

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

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.