Keppel REIT (OTCMKTS:KREVF) Hits New 12-Month High at $0.96
Keppel REIT (OTCMKTS:KREVF) hit a new 52-week high on Tuesday . The stock traded as high as $0.96 and last traded at $0.93, with a volume of 2100 shares traded. The stock had previously closed at $0.96.
Separately, Jefferies Financial Group lowered Keppel REIT from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th.
The business has a 50-day simple moving average of $0.93.
Keppel REIT was listed by way of an introduction on 28 April 2006. It is one of Asia's leading REITs with a young and large 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.
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