Killam Apartment REIT (OTCMKTS:KMMPF) Trading Down 5.1% – Here’s What Happened

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

Wall Street Analyst Weigh In

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

Killam Apartment REIT Stock Down 5.1%

The firm has a fifty day simple moving average of $12.39 and a two-hundred day simple moving average of $12.56.

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.