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The latest update is out from ARA US Hospitality Trust ( (SG:XZL) ).
Acrophyte Hospitality Trust has updated investors that its ongoing strategic review and assessment of options for its stapled securities remain in progress, with continuing discussions taking place with its sponsor on a potential transaction. The managers cautioned that there is no certainty any deal will emerge and advised stapled securityholders to exercise care and seek professional advice before dealing in their securities, as further announcements will be made only if material developments arise.
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 a real estate investment trust and a business trust focused on hospitality assets. It is managed by Acrophyte Hospitality Trust Management Pte. Ltd. and Acrophyte Hospitality Business Trust Management Pte. Ltd., and its stapled securities are traded on the Singapore Exchange.
Average Trading Volume: 219,755
Technical Sentiment Signal: Buy
Current Market Cap: $147.9M
For an in-depth examination of XZL stock, go to TipRanks’ Overview page.