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Arena REIT ( (AU:ARF) ) has provided an update.
Arena REIT has reported a change in the interests of director Justin Bailey following participation in the group’s distribution reinvestment plan. Bailey acquired 1,081 ordinary stapled securities for $3,614.32, lifting his direct holding to 76,198 stapled securities, alongside existing long-term incentive performance rights and deferred short-term incentive rights.
His indirect holding, via JP Morgan Nominees Australia as custodian for AustralianSuper, remains unchanged at 59,415 stapled securities. The transaction did not occur during a closed trading period and involved no changes to any contracts or derivative interests, underscoring this as a routine, compliance-driven update to Bailey’s equity position in the trust.
The most recent analyst rating on (AU:ARF) stock is a Buy with a A$4.17 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 real estate investment trust that holds a stapled structure comprising Arena REIT Limited and two managed investment schemes. The group invests primarily in social infrastructure real estate, with securities listed on the ASX and held by both direct investors and institutional custodians.
Average Trading Volume: 947,457
Technical Sentiment Signal: Sell
Current Market Cap: A$1.34B
For a thorough assessment of ARF stock, go to TipRanks’ Stock Analysis page.