Killam Apartment REIT (TSE:KMP.UN) Share Price Passes Below Fifty Day Moving Average - What's Next?

Killam Apartment REIT (TSE:KMP.UN - Get Free Report)'s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$16.72 and traded as low as C$16.10. Killam Apartment REIT shares last traded at C$16.30, with a volume of 257,178 shares trading hands.

Analyst Ratings Changes

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

Killam Apartment REIT Price Performance

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 6.46 and a beta of 1.10. The stock's fifty day moving average is C$16.70 and its 200-day moving average is C$17.58.

Killam Apartment REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th will be paid 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 of this dividend is Wednesday, April 30th. Killam Apartment REIT's payout ratio is 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.