Killam Apartment REIT (TSE:KMP.UN) Hits New 1-Year Low - Should You Sell?

Shares of Killam Apartment REIT (TSE:KMP.UN - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$16.44 and last traded at C$16.45, with a volume of 541720 shares changing hands. The stock had previously closed at C$16.75.

Analysts Set New Price Targets

KMP.UN has been the topic of several recent research reports. Raymond James decreased their price target on shares of Killam Apartment REIT from C$23.50 to C$22.25 in a research report on Monday, January 13th. Royal Bank of Canada cut their target price on Killam Apartment REIT from C$24.50 to C$23.50 in a research report on Friday, November 8th. Finally, National Bankshares increased their price target on Killam Apartment REIT from C$22.75 to C$24.00 in a research report on Wednesday, October 9th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Killam Apartment REIT has an average rating of "Buy" and an average target price of C$22.58.

Killam Apartment REIT Stock Down 2.1 %

The company has a debt-to-equity ratio of 82.05, a current ratio of 0.10 and a quick ratio of 0.03. The business has a 50 day moving average of C$17.41 and a 200 day moving average of C$18.72. The firm has a market capitalization of C$1.95 billion, a price-to-earnings ratio of 6.31 and a beta of 1.10.

Killam Apartment REIT Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.06 per share. This is a positive change from Killam Apartment REIT's previous monthly dividend of $0.06. This represents a $0.72 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend is Friday, January 31st. Killam Apartment REIT's dividend payout ratio is currently 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.

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