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4 Stocks This Week (Hospitality) [25 October 2019] – Eagle HTrust; Far East HTrust; CDL HTrust; Ascendas HTrust

We’re heading into the end-of-year, which is an important peak-period for the seasonal tourism and hospitality industry.

This week, STI ETF opened on Monday at $3.155 and closed higher on Friday at $3.223. One of the securities with the highest volume traded on SGX as well as high percentage change this week was Eagle Hospitality Trust.

In this week’s edition of 4 Stocks This Week, we look at Eagle Hospitality Trust and 3 other hospitality trusts that are listed on the Singapore Exchange.

Read Also: The Motley Fool Singapore Shuts Down. Here Are 13 Websites You Can Follow Instead For Stock Investing Insights And Commentaries

Eagle Hospitality Trust (SGX: LIW)

Eagle HTrust is a US hospitality specialist with a portfolio of full-service hotels in the US. Its portfolio consists of 18 properties across 11 major US cities.

One of the well-known properties in Eagle HTrust’s portfolio is The Queen Mary. The Queen Mary is a decommissioned ocean liner that is permanently immovable. It has since been converted into an upscale hotel in Long Beach California and also serves as a tourist destination.

An under-subscribed IPO, Eagle Hospitality Trust was listed on 24 May this year, opening at $0.780. It has since been on a downward trend. This week Eagle Hospitality Trust opened on Monday at $0.655. On Thursday, Eagle HTrust requested for a trading halt and ultimately closed at $0.545 on Friday, declining 17% over the week.

The trading halt request came the day after an article from The Edge was released, suggesting that The Queen Mary has fallen into structural disrepair. Eagle HTrust’s sponsor has since clarified through an announcement that it is not in default on The Queen Mary ground lease and that The Queen Mary remains safe and structurally sound.

Far East Hospitality Trust (SGX: Q5T)

Far East Hospitality Trust is a Singapore-focused hotel and serviced residence hospitality trust.

Far East HTrust owns 13 properties in Singapore, including 9 hotels and 4 serviced residences. Some of the properties in Singapore include The Elizabeth Hotel, Village Hotel Bugis, Village Hotel Changi, Oasia Hotel Downtown, Orchard Rendezvous Hotel and The Quincy Hotel.

Since 2013, Far East HTrust has been consistently paying out dividends. Last year, Far East HTrust paid out $0.04 per share in total, equivalent to a dividend yield of 5.59%. This year, $0.028 per share has been paid out thus far.

Far East HTrust was listed in August 2012 where it opened at $0.980. Last Friday, Far East Hospitality Trust closed at $0.710.

Read Also: Travelling With Young Children? Here Are 8 Hotel Hacks You Can Use To Help You Save Money – And Still Have A Great Time

CDL Hospitality Trust (SGX: J85)

CDL Hospitality Trust owns 19 properties in 8 different countries, namely Singapore, Australia, Japan, United Kingdom, Italy, Germany, Maldives and New Zealand. In Singapore, CDL HTrust properties include Orchard Hotel, Grand Copthorne Waterfront Hotel, M Hotel, Copthorne King’s Hotel, Studio M Hotel, Novotel Clarke Quay Hotel and Claymore Connect.

CDL HTrust has been paying out dividends since 2007. Last year, CDL HTrust paid out $0.094 per share in total, equivalent to a dividend yield of 5.75%. This year, CDL HTrust has paid out $0.091 per share.

The share price of CDL HTrust has largely been sideways for the past few weeks. Last Friday, CDL HTrust closed at $1.640.

Ascendas Hospitality Trust (SGX: Q1P)

Ascendas Hospitality Trust owns 14 properties in 4 countries, namely Singapore, Japan, South Korea and Australia. Ascendas HTrust owns 6 properties in Australia, 5 in Japan and 2 in South Korea. The only property Ascendas HTrust has in Singapore is Park Hotel Clarke Quay.

CDL HTrust has been paying out dividends since 2007. Last year, CDL HTrust paid out $0.094 per share in total, equivalent to a dividend yield of 5.75%. This year, CDL HTrust has paid out $0.091 per share.

In 2019, Ascendas HTrust has been on a strong upward trend, starting the year at $0.775 and closing last Friday at $1.170, an increase of 51%.

Read Also: Here Are 5 Important Factors Singapore Investors Need To Consider Before Investing In Hospitality REITs

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4 Stocks This Week is not a recommendation from us to buy or sell any of these stocks. For investors who are keen to find out more, you should continue researching about them before making your investment decisions.