Killam Apartment REIT (TSE:KMP.UN - Get Free Report)'s stock price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$20.13 and traded as low as C$17.96. Killam Apartment REIT shares last traded at C$18.10, with a volume of 333,653 shares trading hands.
Analysts Set New Price Targets
Several research firms have commented on KMP.UN. Royal Bank of Canada lifted their price target on Killam Apartment REIT from C$22.00 to C$23.00 in a report on Friday, August 9th. Raymond James upgraded Killam Apartment REIT from an "outperform" rating to a "strong-buy" rating and raised their price objective for the stock from C$22.50 to C$24.00 in a report on Friday, September 6th. Ventum Financial increased their target price on shares of Killam Apartment REIT from C$22.50 to C$23.00 in a research report on Friday, August 9th. National Bankshares lifted their price target on shares of Killam Apartment REIT from C$22.75 to C$24.00 in a research report on Wednesday, October 9th. Finally, TD Securities increased their price objective on shares of Killam Apartment REIT from C$22.00 to C$23.00 and gave the stock a "buy" rating in a research report on Wednesday, September 4th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$22.45.
View Our Latest Stock Analysis on Killam Apartment REIT
Killam Apartment REIT Stock Performance
The stock has a market capitalization of C$2.20 billion, a PE ratio of 6.96 and a beta of 1.10. The company has a debt-to-equity ratio of 82.05, a quick ratio of 0.03 and a current ratio of 0.10. The firm has a 50 day moving average of C$20.13 and a 200-day moving average of C$18.62.
Killam Apartment REIT Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.0583 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.70 annualized dividend and a dividend yield of 3.79%. Killam Apartment REIT's dividend payout ratio is 26.92%.
About Killam Apartment REIT
(
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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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