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

Killam Apartment REIT (TSE:KMP.UN) shares passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$16.72 and traded as low as C$16.10. Killam Apartment REIT shares last traded at C$16.30, with a volume of 257,178 shares trading hands.

Analyst Ratings Changes

Separately, Raymond James decreased their price target on shares of Killam Apartment REIT from C$22.25 to C$21.50 in a research note on Friday, February 14th.

Killam Apartment REIT Trading Up 1.9 %

The company has a market capitalization of C$1.99 billion, a P/E ratio of 6.42 and a beta of 1.10. The business has a 50 day moving average price of C$16.70 and a 200 day moving average price of C$17.67. The company has a current ratio of 0.10, a quick ratio of 0.03 and a debt-to-equity ratio of 82.05.

Killam Apartment REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th will be issued a $0.06 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.31%. 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.