Arena REIT Director Justin Bailey Increases Indirect Security Holding

Arena REIT ( (AU:ARF) ) has provided an announcement.

Arena REIT has disclosed a change in the holdings of director Justin Bailey, who maintains both direct and indirect interests in the trust’s stapled securities. The filing details that Bailey’s indirect holding, held via a custodian structure for his benefit, increased through an on-market purchase.

Bailey acquired 7,680 additional ordinary stapled securities on market for about $25,150, lifting his indirect stake while his direct interests and performance-related rights remain unchanged. The trade did not occur during a closed period, indicating it was conducted under standard trading conditions and signalling continued personal investment by the director in Arena REIT securities.

The most recent analyst rating on (AU:ARF) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Arena REIT stock, see the AU:ARF Stock Forecast page.

More about Arena REIT

Arena REIT is an Australian listed real estate investment trust that invests in social infrastructure property. Its portfolio typically comprises long-leased assets such as childcare and healthcare facilities, providing stable, inflation-linked rental income to investors.

Average Trading Volume: 761,279

Technical Sentiment Signal: Sell

Current Market Cap: A$1.32B

See more insights into ARF stock on TipRanks’ Stock Analysis page.