In a Wednesday report, analyst Mervin Song notes that the REIT’s hotel performance in the latest quarter is in line, or slightly better than its peers.
SINGAPORE (Jan 30): DBS Vickers Securities is maintaining its “buy” call on Ascendas Hospitality Trust (A-HTRUST) with a target price of 98 cents, and is of the view that the trust’s asset-recycling strategy will continue to provide it earnings stability going forward.
The move comes after the manager of A-HTRUST posted a 3Q19 distribution per stapled security (DPS) of 1.45 cents, up 2.8% from a year ago and in line with expectations.
