Killam Apartment REIT (OTCMKTS:KMMPF) Short Interest Update

Killam Apartment REIT (OTCMKTS:KMMPFGet Rating) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 88,200 shares, an increase of 18.9% from the June 30th total of 74,200 shares. Based on an average trading volume of 300 shares, the days-to-cover ratio is currently 294.0 days.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. BMO Capital Markets reduced their target price on shares of Killam Apartment REIT from C$26.00 to C$24.00 in a research note on Friday, May 6th. Raymond James reduced their target price on shares of Killam Apartment REIT from C$27.00 to C$24.00 in a research note on Monday, May 9th. Royal Bank of Canada reduced their target price on shares of Killam Apartment REIT from C$25.50 to C$24.00 in a research note on Friday, May 6th. Canaccord Genuity Group reduced their target price on shares of Killam Apartment REIT from C$25.50 to C$23.50 and set a “buy” rating on the stock in a research note on Friday, May 6th. Finally, Desjardins cut their price target on shares of Killam Apartment REIT from C$26.00 to C$25.00 in a research report on Monday, May 9th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Killam Apartment REIT presently has an average rating of “Moderate Buy” and an average price target of $24.23.

Killam Apartment REIT Stock Performance

Shares of KMMPF stock opened at $13.87 on Thursday. The company’s 50 day moving average price is $13.52 and its two-hundred day moving average price is $15.48. Killam Apartment REIT has a 52 week low of $12.75 and a 52 week high of $18.62.

About Killam Apartment REIT

(Get Rating)

Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential landlords, owning, operating, managing and developing a $3.6 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.

Further Reading

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