DBS Group Research analyst Geraldine Wong has maintained “buy” on ARA US Hospitality Trust (ARAHT) as she deems the REIT’s recovery to be “on track”.

“We expect a sustained recovery for ARAHT on the back of a summer leisure demand spillover into 2HFY2021 and the return of corporate travel,” she writes in an Aug 20 report.

That said, Wong has reduced her target price estimate to 75 US cents ($1.02) from 79 US cents previously, as she reduces her earnings estimates slightly.

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