Killam Apartment REIT (OTCMKTS:KMMPF) Trading 0.9% Higher – Still a Buy?

Killam Apartment REIT (OTCMKTS:KMMPF) shares traded up 0.9% on Tuesday . The company traded as high as $12.01 and last traded at $12.0050. 3,460 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 25,239 shares. The stock had previously closed at $11.90.

Analysts Set New Price Targets

Separately, Raymond James Financial lowered shares of Killam Apartment REIT from a “strong-buy” rating to an “outperform” rating in a research note on Friday, October 17th. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Killam Apartment REIT has an average rating of “Buy”.

Killam Apartment REIT Stock Performance

The stock has a 50-day simple moving average of $11.95 and a 200 day simple moving average of $12.85.

About Killam Apartment REIT

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.