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Far East Hospitality Trust ( (SG:Q5T) ) has issued an announcement.
Far East Hospitality Trust has announced the issuance of earn-out stapled securities related to its acquisition of Oasia Hotel Downtown. This move, in accordance with an earn-out agreement made during the acquisition’s completion in April 2018, involves issuing S$15 million worth of stapled securities, reflecting the company’s strategic efforts to optimize its investment portfolio and potentially enhance returns for stakeholders.
The most recent analyst rating on (SG:Q5T) stock is a Sell with a S$0.50 price target. To see the full list of analyst forecasts on Far East Hospitality Trust stock, see the SG:Q5T Stock Forecast page.
More about Far East Hospitality Trust
Far East Hospitality Trust is a hospitality stapled group based in Singapore, comprising Far East Hospitality Real Estate Investment Trust and Far East Hospitality Business Trust. The company primarily focuses on real estate investment and management within the hospitality sector.
Average Trading Volume: 1,146,982
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$1.24B
For detailed information about Q5T stock, go to TipRanks’ Stock Analysis page.