Killam Apartment REIT (TSE:KMP.UN) Shares Break Above Two Hundred Day Moving Average – Should You Sell?

Killam Apartment REIT (TSE:KMP.UN) shares passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$17.64 and traded as high as C$17.74. Killam Apartment REIT shares last traded at C$17.66, with a volume of 251,792 shares traded.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KMP.UN. Raymond James Financial upped their target price on shares of Killam Apartment REIT from C$21.00 to C$21.25 and gave the stock an “outperform” rating in a report on Friday, August 7th. TD lifted their price target on shares of Killam Apartment REIT from C$21.00 to C$22.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, Scotia boosted their price target on shares of Killam Apartment REIT from C$20.00 to C$20.25 and gave the company a “sector outperform” rating in a research report on Friday, August 7th. Seven research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$20.44.

Killam Apartment REIT Stock Up 1.3%

The company has a current ratio of 0.10, a quick ratio of 0.03 and a debt-to-equity ratio of 82.05. The firm’s fifty day moving average price is C$17.41 and its 200-day moving average price is C$17.64. The company has a market cap of C$2.12 billion, a price-to-earnings ratio of 262.47 and a beta of 0.79.

Killam Apartment REIT (TSE:KMP.UN) last issued its quarterly earnings data on Wednesday, November 4th. The company reported C$0.44 EPS for the quarter. The business had revenue of C$100.83 million for the quarter. Killam Apartment REIT had a return on equity of 12.07% and a net margin of 86.91%. Sell-side analysts predict that Killam Apartment REIT will post 1.29 earnings per share for the current year.

Killam Apartment REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 16th will be paid a $0.06 dividend. The ex-dividend date is Friday, October 30th. This represents a $0.72 annualized dividend and a dividend yield of 4.1%. Killam Apartment REIT’s dividend payout ratio is 1,070.11%.

About Killam Apartment REIT

Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada’s largest residential real estate investment trusts, owning, operating and developing a $5.4 billion portfolio of apartments and manufactured home communities. Killam’s strategy to enhance value and profitability focuses on three priorities: 1) increasing earnings from existing operations, 2) expanding the portfolio and diversifying geographically through accretive acquisitions which target newer properties and through the disposition of non-core assets, and 3) developing high-quality properties in its core markets.