Killam Apartment REIT (OTCMKTS:KMMPF) Stock Price Down 0.7% – Here’s Why

Shares of Killam Apartment REIT (OTCMKTS:KMMPF) traded down 0.7% on Tuesday . The stock traded as low as $11.65 and last traded at $11.65. 4,965 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 23,524 shares. The stock had previously closed at $11.73.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Raymond James Financial lowered shares of Killam Apartment REIT from a “strong-buy” rating to an “outperform” rating in a research report on Friday, October 17th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Killam Apartment REIT in a research note on Friday, August 8th. Finally, TD Securities reiterated a “buy” rating on shares of Killam Apartment REIT in a research note on Friday, August 8th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Killam Apartment REIT Trading Down 0.7%

The business has a fifty day moving average of $12.31 and a 200-day moving average of $13.09.

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, managing and developing a $4.9 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.