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TOKYU REIT ( (JP:8957) ) has issued an announcement.
TOKYU REIT announced the completion of an additional acquisition of its investment units by Tokyu Corporation, increasing Tokyu’s ownership to over 15%. This acquisition will lead Tokyu to treat TOKYU REIT as an equity-method affiliate in its financial statements, although it will not impact TOKYU REIT’s financial results.
The most recent analyst rating on (JP:8957) stock is a Buy with a Yen215232.00 price target. To see the full list of analyst forecasts on TOKYU REIT stock, see the JP:8957 Stock Forecast page.
More about TOKYU REIT
TOKYU REIT, Inc. operates in the real estate investment trust industry, focusing on acquiring and managing real estate properties. It is managed by Tokyu Real Estate Investment Management Inc., with Tokyu Corporation as its parent company and sponsor.
Average Trading Volume: 3,034
Technical Sentiment Signal: Buy
Current Market Cap: Yen190.4B
Find detailed analytics on 8957 stock on TipRanks’ Stock Analysis page.