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

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

Analysts Set New Price Targets

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

Killam Apartment REIT Stock Performance

The stock has a 50 day moving average price of $12.39 and a 200-day moving average price of $12.56.

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.