Killam Apartment REIT (OTCMKTS:KMMPF) Shares Down 2.6% – Here’s What Happened

Killam Apartment REIT (OTCMKTS:KMMPF)’s share price dropped 2.6% on Wednesday . The company traded as low as $13.62 and last traded at $13.62. Approximately 3,949 shares were traded during trading, a decline of 85% from the average daily volume of 25,788 shares. The stock had previously closed at $13.98.

Analyst Upgrades and Downgrades

KMMPF has been the subject of a number of research analyst reports. Scotiabank raised shares of Killam Apartment REIT from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, May 27th. BMO Capital Markets reissued an “outperform” rating on shares of Killam Apartment REIT in a research report on Monday, May 12th. Finally, National Bankshares reissued an “outperform” rating on shares of Killam Apartment REIT in a research report on Tuesday, July 15th.

Killam Apartment REIT Stock Performance

The firm has a 50-day moving average of $13.96 and a two-hundred day moving average of $12.63.

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.