Keppel REIT (OTCMKTS:KREVF) Shares Gap Up – Still a Buy?

Keppel REIT (OTCMKTS:KREVF) gapped up prior to trading on Tuesday . The stock had previously closed at $0.6218, but opened at $0.6630. Keppel REIT shares last traded at $0.6259, with a volume of 290 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Keppel REIT to a “hold” rating in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Keppel REIT Trading Up 0.7%

The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.41. The stock has a fifty day moving average price of $0.68 and a 200-day moving average price of $0.72.

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.