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Ascott Residence ( (SG:HMN) ) just unveiled an announcement.
CapitaLand Ascott Trust Management Limited has issued 3,007,741 stapled securities to pay the acquisition fee for lyf Funan Singapore. This issuance increases the total number of stapled securities to over 3.8 billion, with the REIT Manager holding a small percentage, reflecting its strategic growth in the hospitality sector.
The most recent analyst rating on (SG:HMN) stock is a Buy with a S$1.13 price target. To see the full list of analyst forecasts on Ascott Residence stock, see the SG:HMN Stock Forecast page.
More about Ascott Residence
CapitaLand Ascott Trust is a real estate investment trust and business trust based in Singapore, focusing on hospitality properties. It is managed by CapitaLand Ascott Trust Management Limited and CapitaLand Ascott Business Trust Management Pte. Ltd.
YTD Price Performance: 2.99%
Average Trading Volume: 5,831,313
Technical Sentiment Signal: Hold
Current Market Cap: S$3.28B
See more insights into HMN stock on TipRanks’ Stock Analysis page.