Killam Apartment REIT (TSE:KMP.UN) Stock Price Down 2.2% - Time to Sell?

Key Points

• Killam Apartment REIT shares dropped 2.2% to C$18.32, with a trading volume of 330,753 shares, indicating slight interest but a downturn from the previous close of C$18.73.
• BMO Capital Markets recently increased their price target for the stock from C$19.50 to C$20.00, suggesting a potential for recovery in stock value.
• The company announced a monthly dividend of $0.06, resulting in an annual yield of 3.9%, with the next payout scheduled for August 15th.

Killam Apartment REIT (TSE:KMP.UN - Get Free Report) fell 2.2% during trading on Thursday . The company traded as low as C$18.29 and last traded at C$18.32. 330,753 shares changed hands during trading, an increase of 1% from the average session volume of 326,891 shares. The stock had previously closed at C$18.73.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets lifted their price target on Killam Apartment REIT from C$19.50 to C$20.00 in a report on Monday, May 12th.

Killam Apartment REIT Stock Performance

The company has a quick ratio of 0.03, a current ratio of 0.10 and a debt-to-equity ratio of 82.05. The firm has a market capitalization of C$2.18 billion, a P/E ratio of 7.05 and a beta of 1.10. The stock has a fifty day moving average of C$19.23 and a 200-day moving average of C$17.71.

Killam Apartment REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 15th will be paid a $0.06 dividend. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Thursday, July 31st. Killam Apartment REIT's dividend payout ratio (DPR) is currently 26.92%.

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.

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