Killam Apartment REIT (TSE:KMP.UN) Stock Price Crosses Above Fifty Day Moving Average - Should You Sell?

Key Points

• Shares crossed above its fifty day moving average, trading up to C$17.14 (50‑day SMA C$16.59) on volume of about 746,796 shares.
• Analysts have trimmed price targets to roughly C$20–21 but largely kept Buy/Outperform ratings; the consensus is a "Moderate Buy" with an average target of C$20.00.
• Killam announced a monthly C$0.06 dividend (ex‑dividend Apr 30, paid May 15) implying a 4.3% yield

Shares of Killam Apartment REIT (TSE:KMP.UN - Get Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$16.59 and traded as high as C$17.14. Killam Apartment REIT shares last traded at C$16.90, with a volume of 746,796 shares traded.

Wall Street Analyst Weigh In

Several analysts recently commented on KMP.UN shares. Royal Bank Of Canada decreased their price target on shares of Killam Apartment REIT from C$22.00 to C$21.00 and set an "outperform" rating for the company in a report on Friday, February 13th. ATB Cormark Capital Markets reduced their target price on shares of Killam Apartment REIT from C$21.00 to C$20.00 and set an "outperform" rating for the company in a research note on Friday, February 13th. TD Securities reduced their target price on shares of Killam Apartment REIT from C$21.00 to C$20.00 and set a "buy" rating for the company in a research note on Friday, February 13th. Finally, Raymond James Financial reduced their target price on shares of Killam Apartment REIT from C$20.25 to C$20.00 and set an "outperform" rating for the company in a research note on Friday, February 13th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of C$20.00.

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$2.06 billion, a price-to-earnings ratio of 69.79 and a beta of 0.57. The stock's 50 day simple moving average is C$16.59 and its 200-day simple moving average is C$16.88.

Killam Apartment REIT (TSE:KMP.UN - Get Free Report) last posted its earnings results on Friday, February 13th. The company reported C($1.17) earnings per share (EPS) for the quarter. The business had revenue of C$96.26 million during the quarter. Killam Apartment REIT had a net margin of 86.91% and a return on equity of 12.07%. On average, analysts expect that Killam Apartment REIT will post 1.2904074 EPS for the current fiscal year.

Killam Apartment REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 15th will be paid a $0.06 dividend. The ex-dividend date is Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 4.3%. Killam Apartment REIT's payout ratio is 297.33%.

Killam Apartment REIT Company Profile

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. Apartment segment acquires, operates, manages and develops multi-family residential properties across Canada. MHC segment acquires and operates MHC communities in Ontario and Eastern Canada, and Commercial segment includes more than seven commercial properties.

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