Keppel REIT (OTCMKTS:KREVF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.
According to Zacks, “Keppel REIT is engaged in owning and investing in portfolio of commercial real estate as well as related assets. It operates primarily in Singapore and Australia. Keppel REIT is based in Singapore. “
Shares of KREVF opened at $0.77 on Friday. Keppel REIT has a 12 month low of $0.80 and a 12 month high of $0.98.
Keppel REIT was listed by way of an introduction on 28 April 2006.Keppel REIT is one of Asia's leading REITs with the youngest and largest portfolio of premium Grade A commercial assets in Singapore's prime business and financial districts. Keppel REIT's objective is to generate stable income and long-term growth for unitholders by owning and investing in a portfolio of quality income producing commercial real estate and real estate related assets in Singapore and pan-Asia.
See Also: Dividend
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