Killam Apartment REIT (OTCMKTS:KMMPF) Receives Consensus Recommendation of “Buy” from Analysts

Killam Apartment REIT (OTCMKTS:KMMPF) has been given an average rating of “Buy” by the six research firms that are currently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy recommendation.

Several analysts have recently issued reports on the company. TD Securities restated a “buy” rating on shares of Killam Apartment REIT in a research report on Friday, August 8th. Royal Bank Of Canada reissued an “outperform” rating on shares of Killam Apartment REIT in a research note on Friday, August 8th. Raymond James Financial cut shares of Killam Apartment REIT from a “strong-buy” rating to an “outperform” rating in a research note on Friday, October 17th. Finally, National Bankshares reiterated an “outperform” rating on shares of Killam Apartment REIT in a report on Tuesday, July 15th.

Killam Apartment REIT Stock Performance

Shares of Killam Apartment REIT stock opened at $11.88 on Tuesday. Killam Apartment REIT has a 1 year low of $11.02 and a 1 year high of $14.48. The business has a 50 day moving average price of $12.75 and a 200 day moving average price of $13.18.

About Killam Apartment REIT

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.