Killam Apartment REIT (TSE:KMP.UN) Stock Passes Below Fifty Day Moving Average - Here's What Happened

Killam Apartment REIT (TSE:KMP.UN - Get Free Report)'s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$16.62 and traded as low as C$16.61. Killam Apartment REIT shares last traded at C$16.62, with a volume of 264,385 shares traded.

Wall Street Analyst Weigh In

Separately, Raymond James decreased their price objective on Killam Apartment REIT from C$22.25 to C$21.50 in a report on Friday, February 14th.

Killam Apartment REIT Stock Up 1.9 %

The firm's fifty day simple moving average is C$16.61 and its 200-day simple moving average is C$18.24. The company has a market cap of C$2.03 billion, a PE ratio of 6.56 and a beta of 1.10. The company has a quick ratio of 0.03, a current ratio of 0.10 and a debt-to-equity ratio of 82.05.

Killam Apartment REIT Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be paid a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date is Friday, February 28th. Killam Apartment REIT's payout ratio is currently 26.92%.

About Killam Apartment REIT

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.