Killam Apartment REIT (OTCMKTS:KMMPF) Stock Price Down 5.1% – Time to Sell?

Killam Apartment REIT (OTCMKTS:KMMPF)’s stock price traded down 5.1% during mid-day trading on Thursday . The stock traded as low as $12.34 and last traded at $12.4230. 48,410 shares traded hands during trading, an increase of 37% from the average session volume of 35,249 shares. The stock had previously closed at $13.0850.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on KMMPF. Royal Bank Of Canada reissued an “outperform” rating on shares of Killam Apartment REIT in a research note on Friday. Raymond James Financial lowered shares of Killam Apartment REIT from a “strong-buy” rating to an “outperform” rating in a report on Friday, October 17th. Finally, TD Securities reissued a “buy” rating on shares of Killam Apartment REIT in a report on Friday. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Killam Apartment REIT Stock Down 0.4%

The stock has a fifty day simple moving average of $12.40 and a two-hundred day simple moving average of $12.55.

Killam Apartment REIT Company Profile

Killam Apartment REIT (OTCMKTS: KMMPF) is a Canadian real estate investment trust that acquires, owns and manages a diversified portfolio of residential rental properties. Listed on the Toronto Stock Exchange under the symbol KMP.UN and trading in the United States on the OTC Market, the trust focuses on the long-term ownership of multi-unit residential assets. Its business model combines property management expertise with a disciplined approach to acquisitions and development, aiming to deliver stable rental income and capital growth.

The REIT’s portfolio spans Atlantic Canada, Ontario, Alberta and British Columbia, with a concentration of properties in Nova Scotia, New Brunswick, Newfoundland and Labrador, and Prince Edward Island.