Killam Apartment REIT (TSE:KMP.UN) Reaches New 1-Year Low – Should You Sell?

Shares of Killam Apartment REIT (TSE:KMP.UN) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$16.44 and last traded at C$16.45, with a volume of 541720 shares trading hands. The stock had previously closed at C$16.75.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on KMP.UN shares. Raymond James dropped their price target on shares of Killam Apartment REIT from C$23.50 to C$22.25 in a research note on Monday, January 13th. Royal Bank of Canada dropped their price target on shares of Killam Apartment REIT from C$24.50 to C$23.50 in a research note on Friday, November 8th. Finally, National Bankshares raised their price target on shares of Killam Apartment REIT from C$22.75 to C$24.00 in a research note on Wednesday, October 9th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$22.58.

Killam Apartment REIT Price Performance

The business’s 50 day moving average is C$17.37 and its two-hundred day moving average is C$18.72. The firm has a market cap of C$1.97 billion, a P/E ratio of 6.36 and a beta of 1.10. 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 Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th will be issued a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 4.36%. This is a boost from Killam Apartment REIT’s previous monthly dividend of $0.06. The ex-dividend date is Friday, January 31st. Killam Apartment REIT’s dividend payout ratio (DPR) is presently 26.92%.

About Killam Apartment REIT

Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential landlords, owning, operating, managing and developing a $2.8 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, with an emphasis on newer properties, and 3) developing high-quality properties in its core markets.