Keppel REIT (OTCMKTS:KREVF) Shares Gap Up – Still a Buy?

Keppel REIT (OTCMKTS:KREVF) gapped up before the market opened on Tuesday . The stock had previously closed at $0.6218, but opened at $0.6630. Keppel REIT shares last traded at $0.6259, with a volume of 290 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Keppel REIT to a “hold” rating in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Keppel REIT Stock Performance

The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.12 and a current ratio of 0.12. The company has a 50 day moving average price of $0.68 and a 200 day moving average price of $0.72.

About Keppel REIT

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.