Keppel REIT (OTCMKTS:KREVF) Rating Lowered to Hold at Jefferies Financial Group

Keppel REIT (OTCMKTS:KREVF) was downgraded by analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note issued on Wednesday, The Fly reports.

KREVF opened at $0.96 on Wednesday. Keppel REIT has a 52 week low of $0.77 and a 52 week high of $0.96. The stock’s 50 day moving average price is $0.91.

About Keppel REIT

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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