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

Shares of Killam Apartment REIT (OTCMKTS:KMMPF) have received a consensus rating of “Buy” from the six analysts that are currently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy rating.

Separately, Raymond James Financial cut shares of Killam Apartment REIT from a “strong-buy” rating to an “outperform” rating in a report on Friday, October 17th.

Killam Apartment REIT Price Performance

Shares of KMMPF opened at $11.65 on Friday. Killam Apartment REIT has a 1-year low of $11.02 and a 1-year high of $14.48. The firm’s 50-day moving average price is $12.22 and its 200-day moving average price is $13.08.

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.