Keppel REIT (OTCMKTS:KREVF) Trading 2.2% Higher – Should You Buy?

Keppel REIT (OTCMKTS:KREVF) was up 2.2% during trading on Monday . The stock traded as high as $0.62 and last traded at $0.62. Approximately 1,100 shares were traded during trading, a decline of 95% from the average daily volume of 21,950 shares. The stock had previously closed at $0.61.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KREVF. The Goldman Sachs Group upgraded shares of Keppel REIT from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 19th. Dbs Bank upgraded shares of Keppel REIT to a “strong-buy” rating in a research note on Tuesday, October 22nd.

Keppel REIT Stock Performance

The business has a 50 day moving average of $0.65 and a 200-day moving average of $0.67.

Keppel REIT Company Profile

Listed by way of an introduction on 28 April 2006, Keppel REIT is one of Asia's leading real estate investment trusts with a portfolio of prime commercial assets in Asia Pacific's key business districts. Keppel REIT's objective is to generate stable income and sustainable long-term total return for its Unitholders by owning and investing in a portfolio of quality income-producing commercial real estate and real estate-related assets in Asia Pacific.