Zacks Investment Research Lowers Suntec Real Estate Investment Trust (OTCMKTS:SURVF) to Hold

Suntec Real Estate Investment Trust (OTCMKTS:SURVF – Get Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday, Zacks.com reports.

According to Zacks, “Suntec Real Estate Investment Trust invests primarily in retail and office purposes. Suntec Real Estate Investment Trust is based in Singapore. “

Separately, JPMorgan Chase & Co. downgraded Suntec Real Estate Investment Trust from a “neutral” rating to an “underweight” rating in a report on Friday.

Shares of Suntec Real Estate Investment Trust stock opened at $1.28 on Friday. Suntec Real Estate Investment Trust has a 1 year low of $1.02 and a 1 year high of $1.34. The business has a 50-day moving average of $1.26 and a two-hundred day moving average of $1.17.

Suntec Real Estate Investment Trust Company Profile (Get Rating)

Listed on 9 December 2004, Suntec REIT holds properties in Suntec City, Singapore’s largest integrated commercial development (including one of Singapore’s largest shopping Mall), a 66.3% interest in Suntec Singapore Convention & Exhibition Centre, a one-third interest in One Raffles Quay , a one-third interest in Marina Bay Financial Center Towers 1 and 2 and the Marina Bay Link Mall, and a 30.0% interest in 9 Penang Road.

So see

Get a free copy of the Zacks research report on Suntec Real Estate Investment Trust (SURVF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Suntec Real Estate Investment Trust Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Suntec Real Estate Investment Trust and related companies with MarketBeat.com’s FREE daily email newsletter.