Killam Apartment REIT (TSE:KMP.UN – Get Free Report) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$18.32 and traded as low as C$16.96. Killam Apartment REIT shares last traded at C$17.01, with a volume of 840,378 shares.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. Scotia raised their price objective on shares of Killam Apartment REIT from C$20.00 to C$20.25 and gave the stock a “sector outperform” rating in a report on Friday, August 7th. Raymond James Financial increased their price target on shares of Killam Apartment REIT from C$21.00 to C$21.25 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Finally, TD lifted their price objective on Killam Apartment REIT from C$21.00 to C$22.00 and gave the company a “buy” rating in a report on Friday, August 7th. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$20.44.
Get Our Latest Stock Analysis on Killam Apartment REIT
Killam Apartment REIT Stock Down 0.6%
Killam Apartment REIT (TSE:KMP.UN – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported C$0.53 earnings per share for the quarter. Killam Apartment REIT had a net margin of 86.91% and a return on equity of 12.07%. The company had revenue of C$99.16 million during the quarter. On average, sell-side analysts forecast that Killam Apartment REIT will post 1.2904074 EPS for the current fiscal year.
Killam Apartment REIT Announces Dividend
The firm also recently declared a monthly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 17th were issued a dividend of $0.06 per share. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Friday, July 31st. Killam Apartment REIT’s dividend payout ratio (DPR) is currently 1,070.11%.
About Killam Apartment REIT
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.
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