Killam Apartment REIT (TSE:KMP.UN) Hits New 12-Month Low – Time to Sell?

Killam Apartment REIT (TSE:KMP.UN)’s share price hit a new 52-week low during mid-day trading 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.

Analyst Upgrades and Downgrades

Separately, Raymond James dropped their price objective 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 Trading Up 4.4 %

The company has a current ratio of 0.10, a quick ratio of 0.03 and a debt-to-equity ratio of 82.05. The firm has a market cap of C$1.97 billion, a PE ratio of 6.38 and a beta of 1.10. The business has a fifty day moving average price of C$16.73 and a 200 day moving average price of C$17.84.

Killam Apartment REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, February 28th. This represents a $0.72 dividend on an annualized basis and a yield of 4.34%. Killam Apartment REIT’s payout ratio is currently 26.92%.

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.