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

Killam Apartment REIT (TSE:KMP.UN)’s share price hit a new 52-week low on Wednesday . The company traded as low as C$16.44 and last traded at C$16.45, with a volume of 541720 shares changing hands. The stock had previously closed at C$16.75.

Analyst Ratings Changes

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

Killam Apartment REIT Price Performance

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 has a market cap of C$1.97 billion, a price-to-earnings ratio of 6.36 and a beta of 1.10. The company’s 50-day moving average is C$17.37 and its 200-day moving average is C$18.72.

Killam Apartment REIT Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th will be given a dividend of $0.06 per share. This is a positive change from Killam Apartment REIT’s previous monthly dividend of $0.06. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.72 annualized dividend and a dividend yield of 4.36%. Killam Apartment REIT’s dividend payout ratio (DPR) is currently 26.92%.

Killam Apartment REIT Company Profile

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.