CDL Hospitality Trusts (OTCMKTS:CDHSF) Trading Down 0.4% – Here’s Why

Shares of CDL Hospitality Trusts (OTCMKTS:CDHSF – Get Free Report) traded down 0.4% on Wednesday . The company traded as low as $0.64 and last traded at $0.64. 2,000 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 4,000 shares. The stock had previously closed at $0.6425.

CDL Hospitality Trusts Stock Down 0.4%

The firm has a 50 day moving average price of $0.65 and a 200-day moving average price of $0.61.

CDL Hospitality Trusts Company Profile

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CDL Hospitality Trusts (OTCMKTS: CDHSF) is a Singapore‐listed stapled trust that owns and operates a diversified portfolio of hospitality properties in Asia Pacific. The trust combines real estate investment trust (REIT) units and stapled security units, providing investors with exposure to income‐generating hotel assets. Its main business activities include acquiring, owning, leasing and managing a mix of upscale and upper‐midscale hotels under established international brands, as well as boutique and lifestyle properties tied to its sponsor, City Developments Limited (CDL).

The trust’s portfolio spans key gateway cities in Singapore and Australia.

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