Killam Apartment REIT (TSE:KMP.UN) Shares Cross Above 50 Day Moving Average of $17.38

Shares of Killam Apartment REIT (TSE:KMP.UNGet Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$17.38 and traded as high as C$17.65. Killam Apartment REIT shares last traded at C$17.42, with a volume of 113,362 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on KMP.UN shares. TD Securities lowered their price objective on Killam Apartment REIT from C$23.00 to C$22.00 in a research report on Wednesday, April 24th. Scotiabank reduced their price objective on shares of Killam Apartment REIT from C$21.00 to C$20.50 and set a “sector perform” rating on the stock in a report on Monday, March 25th. Royal Bank of Canada lifted their price objective on shares of Killam Apartment REIT from C$23.50 to C$24.00 in a research report on Thursday, May 9th. Desjardins increased their target price on Killam Apartment REIT from C$22.00 to C$23.00 and gave the company a “buy” rating in a report on Friday, February 16th. Finally, CIBC lifted their price target on Killam Apartment REIT from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Killam Apartment REIT presently has an average rating of “Moderate Buy” and an average price target of C$21.93.

Get Our Latest Stock Analysis on Killam Apartment REIT

Killam Apartment REIT Stock Down 1.4 %

The stock has a market cap of C$2.07 billion, a PE ratio of 6.67 and a beta of 1.06. The business has a 50 day moving average of C$17.38 and a 200-day moving average of C$18.13. The company has a current ratio of 0.11, a quick ratio of 0.03 and a debt-to-equity ratio of 85.23.

Killam Apartment REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 17th will be given a dividend of $0.0583 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.02%. Killam Apartment REIT’s dividend payout ratio (DPR) is presently 26.82%.

Killam Apartment REIT Company Profile

(Get Free Report)

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.

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