Killam Apartment REIT (TSE:KMP.UN) Stock Crosses Above 50 Day Moving Average - Time to Sell?

Killam Apartment REIT (TSE:KMP.UN - Get Free Report) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$16.68 and traded as high as C$16.97. Killam Apartment REIT shares last traded at C$16.89, with a volume of 311,134 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Raymond James reduced their target price 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 0.5 %

The stock's fifty day moving average price is C$16.66 and its 200 day moving average price is C$18.33. 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 stock has a market capitalization of C$2.00 billion, a P/E ratio of 6.45 and a beta of 1.10.

Killam Apartment REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 17th will be issued a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date is Friday, February 28th. Killam Apartment REIT's payout ratio is presently 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.