Killam Apartment REIT (TSE:KMP.UN) Stock Crosses Below 50-Day Moving Average – Time to Sell?

Killam Apartment REIT (TSE:KMP.UN) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$17.60 and traded as low as C$16.76. Killam Apartment REIT shares last traded at C$16.89, with a volume of 102,826 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have weighed in on KMP.UN. Royal Bank of Canada dropped their price target on Killam Apartment REIT from C$24.50 to C$23.50 in a research report on Friday, November 8th. National Bankshares raised their price target on Killam Apartment REIT from C$22.75 to C$24.00 in a research report on Wednesday, October 9th. Finally, Raymond James dropped their price target on Killam Apartment REIT from C$23.50 to C$22.25 in a research report on Monday, January 13th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$22.38.

Killam Apartment REIT Stock Up 0.7 %

The firm has a fifty day moving average price of C$17.60 and a 200-day moving average price of C$18.75. 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 firm has a market cap of C$2.01 billion, a price-to-earnings ratio of 6.50 and a beta of 1.10.

Killam Apartment REIT Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.06 per share. This is a boost from Killam Apartment REIT’s previous monthly dividend of $0.06. The ex-dividend date is Friday, January 31st. This represents a $0.72 annualized dividend and a dividend yield of 4.26%. Killam Apartment REIT’s dividend payout ratio (DPR) is 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.