Killam Apartment REIT (TSE:KMP.UN) Reaches New 12-Month Low - Time to Sell?

Killam Apartment REIT (TSE:KMP.UN - Get Free Report) reached a new 52-week low on Tuesday . The stock traded as low as C$15.83 and last traded at C$16.29, with a volume of 511465 shares changing hands. The stock had previously closed at C$16.53.

Analyst Ratings Changes

KMP.UN has been the subject of several recent research reports. Raymond James cut their price target on Killam Apartment REIT from C$23.50 to C$22.25 in a report on Monday, January 13th. Royal Bank of Canada cut their price objective on Killam Apartment REIT from C$24.50 to C$23.50 in a research note on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Killam Apartment REIT has a consensus rating of "Buy" and an average target price of C$22.58.

Killam Apartment REIT Price Performance

The firm has a 50 day moving average of C$17.18 and a 200-day moving average of C$18.66. The company has a current ratio of 0.10, a quick ratio of 0.03 and a debt-to-equity ratio of 82.05. The company has a market cap of C$1.97 billion, a P/E ratio of 6.37 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. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.72 annualized dividend and a dividend yield of 4.35%. This is a boost from Killam Apartment REIT's previous monthly dividend of $0.06. Killam Apartment REIT's dividend payout ratio (DPR) is presently 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.