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
An update from Centuria Industrial REIT ( (AU:CIP) ) is now available.
Centuria Industrial REIT has announced an update regarding its ongoing on-market buy-back program, which involves the repurchase of its ordinary units. As of the latest update, the company has bought back a total of 8,570,392 securities, with an additional 144,500 securities repurchased on the previous day. This buy-back initiative is part of Centuria Industrial REIT’s strategy to enhance shareholder value and optimize its capital structure, reflecting its commitment to maintaining a robust financial position in the competitive industrial real estate market.
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 (REIT) sector, focusing on industrial properties. It primarily deals with acquiring, managing, and leasing industrial assets, catering to a market that demands efficient logistics and warehousing solutions.
Average Trading Volume: 1,858,402
Technical Sentiment Signal: Buy
Current Market Cap: A$2.17B
Find detailed analytics on CIP stock on TipRanks’ Stock Analysis page.