Keppel REIT (OTCMKTS:KREVF) Rating Lowered to Reduce at HSBC

Keppel REIT (OTCMKTS:KREVFGet Rating) was downgraded by HSBC from a “buy” rating to a “reduce” rating in a research note issued to investors on Wednesday, The Fly reports.

A number of other brokerages have also recently issued reports on KREVF. The Goldman Sachs Group cut shares of Keppel REIT from a “neutral” rating to a “sell” rating in a research note on Thursday, November 3rd. Daiwa Capital Markets upgraded shares of Keppel REIT from a “hold” rating to an “outperform” rating in a research report on Monday, September 5th.

Keppel REIT Price Performance

Shares of Keppel REIT stock opened at $0.58 on Wednesday. Keppel REIT has a fifty-two week low of $0.53 and a fifty-two week high of $2.14. The firm has a fifty day moving average price of $0.66 and a two-hundred day moving average price of $0.73.

Keppel REIT Company Profile

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Listed by way of an introduction on 28 April 2006, Keppel REIT is one of Asia's leading REITs with a portfolio of Grade A commercial assets in key business districts pan-Asia. 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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