Keppel REIT (OTCMKTS:KREVF) Sees Large Volume Increase – Should You Buy?

Shares of Keppel REIT (OTCMKTS:KREVFGet Free Report) saw unusually-high trading volume on Thursday . Approximately 25,891 shares were traded during trading, an increase of 188% from the previous session’s volume of 9,000 shares.The stock last traded at $0.6617 and had previously closed at $0.6455.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Keppel REIT to a “hold” rating in a report on Thursday, April 23rd. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Keppel REIT presently has an average rating of “Hold”.

Get Our Latest Research Report on Keppel REIT

Keppel REIT Trading Down 0.5%

The company’s fifty day simple moving average is $0.69 and its 200-day simple moving average is $0.73. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.41.

About Keppel REIT

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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.

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