Killam Apartment REIT (TSE:KMP.UN) Stock Passes Below Fifty Day Moving Average - Time to Sell?

Key Points

• Shares of Killam Apartment REIT (TSE: KMP.UN) recently fell below its 50-day moving average of C$18.60, trading as low as C$17.72.
• Analysts have mixed ratings on the stock, with one Strong Buy, two Buy, and one Hold, reflecting a general average rating of "Buy" and a target price of C$21.64.
• The company declared a monthly dividend of $0.06, translating to an annualized yield of 4.0%, with a low payout ratio of 15.28%.

Killam Apartment REIT (TSE:KMP.UN - Get Free Report) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$18.60 and traded as low as C$17.72. Killam Apartment REIT shares last traded at C$17.97, with a volume of 332,250 shares traded.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. BMO Capital Markets upped their price target on shares of Killam Apartment REIT from C$19.50 to C$20.00 in a research report on Monday, May 12th. Scotiabank dropped their price objective on Killam Apartment REIT from C$20.75 to C$20.50 and set an "outperform" rating for the company in a report on Tuesday, August 12th. Canaccord Genuity Group cut Killam Apartment REIT from a "buy" rating to a "hold" rating and boosted their price objective for the stock from C$19.25 to C$20.00 in a report on Friday, August 1st. Finally, TD Securities boosted their price objective on Killam Apartment REIT from C$21.00 to C$22.00 and gave the stock a "buy" rating in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of C$21.64.

Killam Apartment REIT Stock Performance

The firm has a market cap of C$2.15 billion, a price-to-earnings ratio of 3.80 and a beta of 1.06. The stock has a 50 day moving average of C$18.54 and a 200 day moving average of C$17.92. The company has a quick ratio of 0.03, a current ratio of 0.10 and a debt-to-equity ratio of 82.05.

Killam Apartment REIT Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 15th were paid a $0.06 dividend. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Thursday, July 31st. Killam Apartment REIT's payout ratio is 15.28%.

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.