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An announcement from ARA US Hospitality Trust ( (SG:XZL) ) is now available.
Acrophyte Hospitality Trust has announced that its ongoing strategic review and evaluation of strategic options remain in progress, with the managers continuing discussions with the sponsor regarding a potential transaction involving the trust’s stapled securities. The trust cautioned that there is no certainty any deal will emerge from these talks and advised stapled securityholders to exercise prudence and seek professional advice before dealing in their holdings, as the managers commit to updating the market on any material developments in line with Singapore Exchange listing requirements.
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-listed stapled group comprising Acrophyte Hospitality Property Trust, a real estate investment trust, and Acrophyte Hospitality Management Trust, a business trust. The group focuses on hospitality-related real estate investments and operations, managed respectively by Acrophyte Hospitality Trust Management Pte. Ltd. and Acrophyte Hospitality Business Trust Management Pte. Ltd. under Singapore law.
Average Trading Volume: 248,300
Technical Sentiment Signal: Sell
Current Market Cap: $150.8M
Learn more about XZL stock on TipRanks’ Stock Analysis page.