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The latest update is out from NIPPON REIT Investment Corp ( (JP:3296) ).
NIPPON REIT Investment Corporation has completed the acquisition of two real estate trust beneficiary interests in Japan, as previously announced. The acquisitions include HOTEL RESOL STAY AKIHABARA in Tokyo and Smile Hotel Premium Hakodate Goryokaku in Hokkaido, with respective acquisition prices of 6,250 million yen and 2,700 million yen. This strategic move is expected to enhance NIPPON REIT’s portfolio and strengthen its position in the Japanese real estate market.
The most recent analyst rating on (JP:3296) stock is a Hold with a Yen109000.00 price target. To see the full list of analyst forecasts on NIPPON REIT Investment Corp stock, see the JP:3296 Stock Forecast page.
More about NIPPON REIT Investment Corp
NIPPON REIT Investment Corporation is a real estate investment trust (REIT) based in Tokyo, Japan, focusing on acquiring and managing real estate trust beneficiary interests. The company operates under the asset management of SBI REIT Advisors Co., Ltd., and is involved in various property types including office, residential, and other sectors.
Average Trading Volume: 4,599
Technical Sentiment Signal: Buy
Current Market Cap: Yen172.4B
See more insights into 3296 stock on TipRanks’ Stock Analysis page.