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The latest update is out from Nippon Accommodations Fund Inc. ( (JP:3226) ).
Nippon Accommodations Fund Inc. has announced a new borrowing of 2.0 billion yen from Shinkin Central Bank, with the funds allocated for repaying existing loans. Additionally, NAF has entered into an interest rate swap agreement with Nomura Securities to mitigate the risks associated with interest rate fluctuations by fixing the interest rate at 1.9169%. This strategic financial move is expected to stabilize NAF’s financial obligations and enhance its financial management by reducing exposure to variable interest rates, thereby potentially benefiting stakeholders by ensuring more predictable financial outcomes.
The most recent analyst rating on (JP:3226) stock is a Buy with a Yen632000.00 price target. To see the full list of analyst forecasts on Nippon Accommodations Fund Inc. stock, see the JP:3226 Stock Forecast page.
More about Nippon Accommodations Fund Inc.
Nippon Accommodations Fund Inc. (NAF) operates in the real estate investment trust (REIT) industry, focusing on residential properties in Japan. It is managed by Mitsui Fudosan Accommodations Fund Management Co., Ltd., which specializes in managing funds and investments in the real estate sector.
Average Trading Volume: 4,914
Technical Sentiment Signal: Buy
Current Market Cap: Yen296B
For detailed information about 3226 stock, go to TipRanks’ Stock Analysis page.