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ARA US Hospitality Trust ( (SG:XZL) ) has issued an announcement.
Acrophyte Hospitality Trust has announced that its strategic review and assessment of strategic options are ongoing, with discussions continuing with the Sponsor regarding a potential transaction involving its Stapled Securities. While there is no certainty of a transaction materializing, the Managers are committed to making necessary announcements in line with regulatory obligations should any significant developments occur. Stapled Securityholders are advised to exercise caution and seek professional advice when dealing with their securities to avoid prejudicial actions.
The most recent analyst rating on (SG:XZL) stock is a Buy with a $0.25 price target. To see the full list of analyst forecasts on ARA US Hospitality Trust stock, see the SG:XZL Stock Forecast page.
More about ARA US Hospitality Trust
Acrophyte Hospitality Trust is a stapled group comprising Acrophyte Hospitality Property Trust and Acrophyte Hospitality Management Trust, both constituted under the laws of the Republic of Singapore. The group is managed by Acrophyte Hospitality Trust Management Pte. Ltd. and Acrophyte Hospitality Business Trust Management Pte. Ltd., focusing on real estate investment and business management within the hospitality industry.
Average Trading Volume: 381,277
Technical Sentiment Signal: Sell
Current Market Cap: $145M
See more insights into XZL stock on TipRanks’ Stock Analysis page.