Keppel REIT (OTCMKTS:KREVF) Upgraded by The Goldman Sachs Group to “Hold” Rating

The Goldman Sachs Group upgraded shares of Keppel REIT (OTCMKTS:KREVF) from a strong sell rating to a hold rating in a research note released on Tuesday morning,Zacks.com reports.

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

Keppel REIT Price Performance

OTCMKTS KREVF opened at $0.66 on Tuesday. The stock has a 50-day simple moving average of $0.72 and a 200 day simple moving average of $0.67. Keppel REIT has a twelve month low of $0.58 and a twelve month 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.