Killam Apartment REIT (TSE:KMP.UN) Hits New 12-Month Low – What’s Next?

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

Wall Street Analyst Weigh In

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

Killam Apartment REIT Stock Performance

The company has a debt-to-equity ratio of 82.05, a quick ratio of 0.03 and a current ratio of 0.10. The company has a market capitalization of C$1.93 billion, a price-to-earnings ratio of 6.25 and a beta of 1.10. The firm has a 50-day simple moving average of C$16.77 and a two-hundred day simple moving average of C$17.93.

Killam Apartment REIT Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were issued a $0.06 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.72 dividend on an annualized basis and a yield of 4.43%. 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.