tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Acrophyte Hospitality Trust’s Strategic Review Continues

Story Highlights
  • Acrophyte Hospitality Trust is reviewing strategic options for its Stapled Securities.
  • Securityholders are advised to exercise caution and consult advisers before making decisions.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Acrophyte Hospitality Trust’s Strategic Review Continues

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

The latest announcement is out from ARA US Hospitality Trust ( (SG:XZL) ).

Acrophyte Hospitality Trust has announced that its ongoing strategic review is still in progress, with various options under consideration and discussions with the Sponsor about a potential transaction involving Stapled Securities. The company advises Stapled Securityholders to exercise caution and consult professional advisers before making any decisions regarding their securities, as there is no certainty that a transaction will occur.

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 established under the laws of Singapore. The company operates in the real estate investment sector, focusing on hospitality properties and is managed by Acrophyte Hospitality Trust Management Pte. Ltd. and Acrophyte Hospitality Business Trust Management Pte. Ltd.

Average Trading Volume: 1,031,203

Technical Sentiment Signal: Strong Buy

Current Market Cap: $171.1M

Find detailed analytics on XZL stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1