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An announcement from Castellum AB ( (SE:CAST) ) is now available.
Castellum AB has announced a new strategy aimed at enhancing profitability and capital allocation, with a target of achieving a 10% annual return on equity. The strategy, titled ‘Back to Basics,’ emphasizes a focus on core operations, particularly commercial properties in Sweden, and includes a revised capital distribution policy to distribute at least 25% of property management income to shareholders. The company also aims to maintain an investment-grade rating and continues its commitment to achieving net zero greenhouse gas emissions by 2040.
The most recent analyst rating on (SE:CAST) stock is a Hold with a SEK121.00 price target. To see the full list of analyst forecasts on Castellum AB stock, see the SE:CAST Stock Forecast page.
More about Castellum AB
Castellum is one of the Nordic region’s largest commercial property companies, focusing on office and logistics properties in Nordic growth cities. The company is listed on Nasdaq Stockholm Large Cap and is recognized for its sustainability efforts, being the only Nordic property company included in the Dow Jones Sustainability Indices.
Average Trading Volume: 1,273,847
Technical Sentiment Signal: Sell
Current Market Cap: SEK50.5B
For a thorough assessment of CAST stock, go to TipRanks’ Stock Analysis page.