Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
The latest announcement is out from Centuria Industrial REIT ( (AU:CIP) ).
Centuria Industrial REIT has announced an update regarding its ongoing on-market buy-back program, with a total of 144,000 ordinary units fully paid bought back on the previous day. This buy-back initiative reflects the company’s strategy to enhance shareholder value and optimize its capital structure, potentially impacting its market positioning and stakeholder interests positively.
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 within the real estate investment trust (REIT) sector, focusing primarily on industrial properties. The company deals with acquiring, managing, and developing industrial assets, catering to a diverse range of tenants and industries.
Average Trading Volume: 1,531,502
Technical Sentiment Signal: Buy
Current Market Cap: A$2.16B
For an in-depth examination of CIP stock, go to TipRanks’ Overview page.