Ascott Residence Trust (ART)

SINGAPORE (Jan 30): Despite Maybank Kim Eng and consensus maintaining Ascott Residence Trust (ART) given its disappointing DPU performance over the past few years, DBS Group Research is maintaining its “buy” call on the REIT.

SINGAPORE (Jan 16): OCBC Investment Research is maintaining “overweight” on Singapore’s hospitality sector as it sees value in some of the hospitality REITs under its coverage at their current unit prices.

SINGAPORE (Jan 14): OCBC Investment Research is upgrading Ascott Residence Trust (ART) to “buy” from “hold” given the serviced residences REIT managed to sell Ascott Raffles Place Singapore at significantly above its book value.

SINGAPORE (Jan 10): OCBC Investment Research is upgrading its call on Ascott Residence Trust (Ascott REIT) to “buy” from “hold” upon raising its fair value estimate for the REIT to $1.18.

SINGAPORE (Jan 9): Ascott Residence Trust (Ascott REIT) on Wednesday entered into a sale and purchase agreement to divest Ascott Rafles Place Singapore for a consideration of $353.3 million.

SINGAPORE (Apr 19): Analysts were slightly disappointed with Ascott Residence Trust’s 1Q results which came in weaker than expected.

SINGAPORE (Jan 29): DBS Research Group is maintaining its "buy" call on Ascott Residence Trust (ART) with a revised target price of $1.34.

SINGAPORE (Dec 1): OCBC Investment Research is maintaining a “neutral” rating on Singapore’s hospitality sector, given currently rich valuations.

SINGAPORE (Oct 25): DBS is maintaining its “hold” call on Ascott Residence Trust even as the hospitality trust reaps the rewards of diversification and posted 3Q17 results that came within expectations.

SINGAPORE (Oct 2): OCBC Investment Research is keeping Ascott Residence Trust on “hold” with an unchanged fair value estimate of $1.10.