Killam Apartment REIT (OTCMKTS:KMMPF) Given Consensus Recommendation of “Buy” by Analysts

Shares of Killam Apartment REIT (OTCMKTS:KMMPF) have received an average rating of “Buy” from the six brokerages that are currently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a buy rating.

Separately, Raymond James Financial downgraded Killam Apartment REIT from a “strong-buy” rating to an “outperform” rating in a research note on Friday, October 17th.

Killam Apartment REIT Stock Up 0.2%

Shares of KMMPF stock opened at $11.80 on Friday. The stock’s 50-day moving average is $12.14 and its two-hundred day moving average is $13.06. Killam Apartment REIT has a 1 year low of $11.02 and a 1 year high of $14.48.

Killam Apartment REIT Company Profile

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.