The Goldman Sachs Group Upgrades Keppel REIT (OTCMKTS:KREVF) to Hold

Keppel REIT (OTCMKTS:KREVF) was upgraded by equities researchers at The Goldman Sachs Group from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Separately, Dbs Bank upgraded shares of Keppel REIT to a “strong-buy” rating in a research report on Tuesday, October 22nd.

Keppel REIT Price Performance

Shares of OTCMKTS KREVF opened at $0.66 on Tuesday. The stock’s 50-day moving average is $0.72 and its 200 day moving average is $0.67. Keppel REIT has a 1-year low of $0.58 and a 1-year high of $0.77.

About Keppel REIT

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.