Northview Apartment Real Estate Investment Trust (OTCMKTS:KMMPF) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 240,000 shares, an increase of 18.8% from the August 15th total of 202,100 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 2,400.0 days.
Separately, TD Securities increased their price target on Northview Apartment Real Estate Investment Trust from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $20.63.
Shares of KMMPF stock traded up $0.22 during trading hours on Wednesday, reaching $13.51. The company had a trading volume of 640 shares, compared to its average volume of 1,692. Northview Apartment Real Estate Investment Trust has a 12 month low of $10.70 and a 12 month high of $16.88. The firm has a fifty day moving average of $13.20.
Northview Apartment Real Estate Investment Trust Company Profile
Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential landlords, owning, operating, managing and developing a $3.4 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.
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