CDL Hospitality Trusts (OTCMKTS:CDHSF) Cut to Hold at Daiwa Capital Markets

Daiwa Capital Markets lowered shares of CDL Hospitality Trusts (OTCMKTS:CDHSFGet Rating) from an outperform rating to a hold rating in a report issued on Wednesday, The Fly reports.

CDL Hospitality Trusts Price Performance

OTCMKTS:CDHSF opened at $0.93 on Wednesday. The company has a 50 day moving average price of $0.93 and a 200-day moving average price of $0.91. CDL Hospitality Trusts has a 1-year low of $0.93 and a 1-year high of $0.94.

CDL Hospitality Trusts Company Profile

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CDL Hospitality Trusts (CDLHT) is one of Asia's leading hospitality trusts with assets under management of about S$2.9 billion as at 31 December 2020. CDLHT is a stapled group comprising CDL Hospitality Real Estate Investment Trust (H-REIT), a real estate investment trust, and CDL Hospitality Business Trust (HBT), a business trust.

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