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An update from ARA US Hospitality Trust ( (SG:XZL) ) is now available.
Acrophyte Hospitality Trust has announced that its ongoing strategic review and assessment of strategic options are still in progress. The company is in discussions with its Sponsor regarding a potential transaction involving its Stapled Securities. However, there is no certainty that a transaction will occur. Stakeholders are advised to exercise caution with their securities and consult professional advisers if needed.
The most recent analyst rating on (SG:XZL) stock is a Hold with a $0.50 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 Singapore-based stapled group comprising Acrophyte Hospitality Property Trust and Acrophyte Hospitality Management Trust. The company operates in the real estate investment sector, focusing on hospitality properties. It is managed by Acrophyte Hospitality Trust Management Pte. Ltd. and Acrophyte Hospitality Business Trust Management Pte. Ltd.
Average Trading Volume: 329,001
Technical Sentiment Signal: Buy
Current Market Cap: $150.8M
For a thorough assessment of XZL stock, go to TipRanks’ Stock Analysis page.