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The latest update is out from ARA US Hospitality Trust ( (SG:XZL) ).
Acrophyte Hospitality Trust, a Singapore-listed stapled group combining a hospitality-focused REIT and business trust, offers investors exposure to hospitality real estate and its management income streams. The managers of the trust have announced that their ongoing strategic review remains in progress, with active discussions continuing with the sponsor over a potential transaction involving the stapled securities; however, they cautioned there is no certainty any deal will materialise and advised stapled securityholders to exercise prudence and seek professional advice before taking action, underscoring the current uncertainty around the trust’s strategic direction and potential corporate changes.
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 stapled group listed in Singapore, comprising Acrophyte Hospitality Property Trust, a real estate investment trust, and Acrophyte Hospitality Management Trust, a business trust. The group is focused on hospitality-related real estate and associated management operations, providing investors with exposure to the hospitality property sector through stapled securities traded on the Singapore Exchange.
Average Trading Volume: 290,303
Technical Sentiment Signal: Hold
Current Market Cap: $147.9M
See more data about XZL stock on TipRanks’ Stock Analysis page.