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

Keppel REIT (OTCMKTS:KREVFGet Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $0.7285, but opened at $0.7748. Keppel REIT shares last traded at $0.8145, with a volume of 439 shares.

Keppel REIT Stock Up 11.8%

The company has a 50 day simple moving average of $0.74 and a 200-day simple moving average of $0.75.

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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