Killam Apartment REIT (TSE:KMP.UN) Shares Cross Above 50-Day Moving Average – Should You Sell?

Killam Apartment REIT (TSE:KMP.UNGet Free Report)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$18.71 and traded as high as C$18.87. Killam Apartment REIT shares last traded at C$18.69, with a volume of 590,197 shares.

Analyst Ratings Changes

Several research analysts have issued reports on KMP.UN shares. National Bank Financial upped their price target on Killam Apartment REIT from C$19.75 to C$20.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Raymond James Financial raised their price objective on Killam Apartment REIT from C$21.00 to C$21.25 and gave the stock an “outperform” rating in a research note on Friday. TD lifted their target price on Killam Apartment REIT from C$21.00 to C$22.00 and gave the stock a “buy” rating in a report on Friday. Royal Bank Of Canada boosted their target price on Killam Apartment REIT from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Finally, Scotia upped their target price on Killam Apartment REIT from C$20.00 to C$20.25 and gave the company a “sector outperform” rating in a report on Friday. Eight analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Killam Apartment REIT currently has a consensus rating of “Buy” and an average price target of C$20.45.

Get Our Latest Stock Report on KMP.UN

Killam Apartment REIT Stock Performance

The firm’s 50-day moving average price is C$18.72 and its two-hundred day moving average price is C$17.65. 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 capitalization of C$2.30 billion, a PE ratio of -96.63 and a beta of 0.79.

Killam Apartment REIT (TSE:KMP.UNGet Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported C$0.53 EPS for the quarter. Killam Apartment REIT had a net margin of 86.91% and a return on equity of 12.07%. The business had revenue of C$99.16 million during the quarter. As a group, research analysts predict that Killam Apartment REIT will post 1.2904074 earnings per share for the current fiscal year.

Killam Apartment REIT Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 17th will be paid a dividend of $0.06 per share. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, July 31st. Killam Apartment REIT’s payout ratio is -368.68%.

Killam Apartment REIT Company Profile

(Get Free Report)

Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada’s largest residential real estate investment trusts, owning, operating and developing a $5.4 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 which target newer properties and through the disposition of non-core assets, and 3) developing high-quality properties in its core markets.

Further Reading

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