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Centuria Industrial REIT ( (AU:CIP) ) just unveiled an announcement.
Centuria Industrial REIT has announced an update on its ongoing buy-back program, revealing that it bought back 144,250 ordinary units on the previous day, bringing the total to 9,146,576 units. This buy-back initiative is part of the company’s strategy to manage its capital structure effectively, potentially enhancing shareholder value and indicating confidence in its market position.
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 is a real estate investment trust focused on industrial properties. It primarily deals with the acquisition, management, and development of industrial assets, targeting investors interested in the industrial real estate sector.
Average Trading Volume: 1,849,625
Technical Sentiment Signal: Buy
Current Market Cap: A$2.14B
For detailed information about CIP stock, go to TipRanks’ Stock Analysis page.