Zacks Research Upgrades Keppel REIT (OTCMKTS:KREVF) to "Hold"

Key Points

• Zacks Research upgraded Keppel REIT (OTCMKTS:KREVF) to a "hold" in a note to investors on Thursday.
• Keppel REIT opened at $0.67 and trades within a 52-week range of $0.50–$1.20, with 50-day/200-day moving averages of $0.73/$0.76, a debt-to-equity ratio of 0.41 and low liquidity (quick and current ratios ~0.12).
• Keppel REIT is a Singapore-based REIT sponsored by Keppel Land that owns six Grade A office buildings in the CBD—including Marina Bay Financial Centre Tower 1, Maritime Square Tower 2 and Ocean Financial Centre—focused on premium Asia‑Pacific office assets.

Keppel REIT (OTCMKTS:KREVF - Get Free Report) was upgraded by Zacks Research to a "hold" rating in a note issued to investors on Thursday,Zacks.com reports.

Keppel REIT Stock Performance

OTCMKTS KREVF opened at $0.67 on Thursday. Keppel REIT has a 52 week low of $0.50 and a 52 week high of $1.20. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.12 and a current ratio of 0.12. The company has a 50-day moving average price of $0.73 and a two-hundred day moving average price of $0.76.

Keppel REIT Company Profile

Keppel REIT OTCMKTS: KREVF is a Singapore-based real estate investment trust sponsored by Keppel Land, a subsidiary of Keppel Corporation. Established in 2006 and listed on the Singapore Exchange, the REIT focuses on investing in premium office properties within the Asia-Pacific region.

The portfolio comprises six Grade A office buildings in Singapore's Central Business District, including landmark developments such as Marina Bay Financial Centre Tower 1, Maritime Square Tower 2 and Ocean Financial Centre.

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