Killam Apartment REIT (OTCMKTS:KMMPF – Get 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
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.
- Get a free copy of the StockNews.com research report on Killam Apartment REIT (KMMPF)
- There Are Different Types of Stock To Invest In
- Is it Time to Tap Molson Coors or Will Beer Sales Turn Flat?
- Is Starbucks Shooting For The Moon?
- PayPal Continues To Struggle As Competition Increases
- Two High-Yield Deep-Values You Shouldn’t Ignore
Want More Great Investing Ideas?
- Bear Market Game Plan!
- The 10 Best Stocks to Own in 2022
- 7 Stocks to Buy and Hold Forever
- 3 Stocks to DOUBLE This Year
Receive News & Ratings for Killam Apartment REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Killam Apartment REIT and related companies with MarketBeat.com's FREE daily email newsletter.