Killam Apartment REIT (OTCMKTS:KMMPF) Stock Price Up 0.2% – What’s Next?

Killam Apartment REIT (OTCMKTS:KMMPF)’s share price was up 0.2% during mid-day trading on Monday . The stock traded as high as $14.35 and last traded at $14.25. Approximately 122,775 shares were traded during trading, an increase of 413% from the average daily volume of 23,911 shares. The stock had previously closed at $14.22.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Scotiabank upgraded shares of Killam Apartment REIT from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, May 27th. BMO Capital Markets restated an “outperform” rating on shares of Killam Apartment REIT in a research report on Monday, May 12th.

Killam Apartment REIT Stock Up 0.2%

The firm’s 50 day simple moving average is $12.73 and its 200-day simple moving average is $12.18.

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.