Killam Apartment REIT (TSE:KMP.UN) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Killam Apartment REIT (TSE:KMP.UN) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$18.71 and traded as high as C$18.87. Killam Apartment REIT shares last traded at C$18.69, with a volume of 590,197 shares trading hands.

Wall Street Analysts Forecast Growth

KMP.UN has been the topic of several recent analyst reports. Royal Bank Of Canada boosted their target price on Killam Apartment REIT from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Raymond James Financial lifted their price target on Killam Apartment REIT from C$20.00 to C$20.25 and gave the company an “outperform” rating in a research report on Friday, May 8th. Scotia lifted their price target on Killam Apartment REIT from C$19.50 to C$20.00 and gave the company a “sector outperform” rating in a research report on Friday, May 8th. National Bank Financial boosted their price objective on Killam Apartment REIT from C$19.75 to C$20.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Finally, TD upped their price objective on Killam Apartment REIT from C$20.00 to C$21.00 and gave the company a “buy” rating in a report on Friday, May 8th. Eight investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$20.23.

Killam Apartment REIT Stock Performance

The company’s 50-day moving average price is C$18.71 and its two-hundred day moving average price is C$17.64. The company has a market cap of C$2.28 billion, a P/E ratio of -95.70 and a beta of 0.79. The company has a current ratio of 0.10, a quick ratio of 0.03 and a debt-to-equity ratio of 82.05.

Killam Apartment REIT (TSE:KMP.UN) last released its earnings results on Wednesday, August 5th. The company reported C$0.53 EPS for the quarter. Killam Apartment REIT had a net margin of 86.91% and a return on equity of 12.07%. The business had revenue of C$99.16 million for the quarter. As a group, equities analysts forecast that Killam Apartment REIT will post 1.2904074 earnings per share for the current year.

Killam Apartment REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 17th will be given a $0.06 dividend. The ex-dividend date is Friday, July 31st. This represents a c) annualized dividend and a yield of 3.9%. Killam Apartment REIT’s payout ratio is -368.68%.

Killam Apartment REIT Company Profile

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.