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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.