Killam Apartment REIT (TSE:KMP.UN) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

Killam Apartment REIT (TSE:KMP.UN)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$16.86 and traded as low as C$16.42. Killam Apartment REIT shares last traded at C$16.46, with a volume of 1,871,621 shares.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on KMP.UN shares. Canaccord Genuity Group reduced their price target on shares of Killam Apartment REIT from C$20.00 to C$19.00 in a research report on Thursday, November 6th. BMO Capital Markets reduced their target price on shares of Killam Apartment REIT from C$20.00 to C$19.50 in a report on Wednesday, November 12th. Finally, TD Securities decreased their target price on shares of Killam Apartment REIT from C$22.00 to C$21.00 and set a “buy” rating for the company in a research report on Friday, December 12th. Two 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 stock has a consensus rating of “Moderate Buy” and a consensus price target of C$20.30.

Killam Apartment REIT Price Performance

The company has a market cap of C$2.00 billion, a price-to-earnings ratio of 3.67 and a beta of 0.85. The company has a 50-day simple moving average of C$16.86 and a 200-day simple moving average of C$17.93. The company has a debt-to-equity ratio of 82.05, a quick ratio of 0.03 and a current ratio of 0.10.

Killam Apartment REIT (TSE:KMP.UN) last posted its quarterly earnings results on Wednesday, November 5th. The company reported C$0.34 earnings per share for the quarter. The firm had revenue of C$98.47 million for the quarter. Killam Apartment REIT had a return on equity of 12.07% and a net margin of 86.91%. As a group, research analysts predict that Killam Apartment REIT will post 1.2904074 earnings per share for the current year.

Killam Apartment REIT Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 17th were issued a $0.06 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Friday, October 31st. Killam Apartment REIT’s dividend payout ratio (DPR) is currently 16.00%.

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. 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.