TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The latest announcement is out from Centuria Industrial REIT ( (AU:CIP) ).
Centuria Industrial REIT has announced an update on its ongoing on-market buy-back program, with a total of 142,000 ordinary units bought back on the previous day, adding to the 8,428,392 units previously acquired. This buy-back initiative is part of the company’s strategy to enhance value for its stakeholders by optimizing its capital structure and potentially improving earnings per unit.
The most recent analyst rating on (AU:CIP) stock is a Hold with a A$3.63 price target. To see the full list of analyst forecasts on Centuria Industrial REIT stock, see the AU:CIP Stock Forecast page.
More about Centuria Industrial REIT
Centuria Industrial REIT operates in the real estate investment trust sector, focusing on industrial properties. It provides investors with exposure to a diversified portfolio of industrial assets across Australia, aiming to deliver stable income and capital growth.
Average Trading Volume: 1,847,774
Technical Sentiment Signal: Buy
Current Market Cap: A$2.17B
Find detailed analytics on CIP stock on TipRanks’ Stock Analysis page.