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

Killam Apartment REIT (TSE:KMP.UN - Get Free Report)'s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$18.89 and traded as high as C$19.27. Killam Apartment REIT shares last traded at C$19.03, with a volume of 446,804 shares changing hands.

Analysts Set New Price Targets

Separately, BMO Capital Markets raised their price objective on shares of Killam Apartment REIT from C$19.50 to C$20.00 in a research note on Monday, May 12th.

Killam Apartment REIT Stock Performance

The stock's 50-day moving average price is C$18.93 and its 200 day moving average price is C$17.54. 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 firm has a market cap of C$2.26 billion, a P/E ratio of 7.30 and a beta of 1.10.

Killam Apartment REIT Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 15th were given a dividend of $0.06 per share. The ex-dividend date was Wednesday, April 30th. This represents a $0.72 annualized dividend and a yield of 3.79%. Killam Apartment REIT's dividend payout ratio (DPR) is presently 26.92%.

About Killam Apartment REIT

Killam Apartment Real Estate Investment Trust is an open-ended mutual fund trust. The company specializes in the acquisition, management, and development of multi-residential apartment buildings and manufactured home communities (MHC). It has three main operating segments, Apartment segment, MHC segment, and Commercial segments.