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Centuria Industrial REIT ( (AU:CIP) ) has issued an announcement.
Centuria Industrial REIT has announced an update regarding its ongoing on-market buy-back program. As of the latest notification, the company has bought back a total of 1,318,593 ordinary units, which includes 146,700 units purchased on the previous day. This buy-back initiative reflects the company’s strategic approach to managing its capital structure and potentially enhancing shareholder value.
The most recent analyst rating on (AU:CIP) stock is a Buy with a A$3.50 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) industry, focusing on industrial properties. It primarily deals with the acquisition, management, and development of industrial real estate assets, catering to a diverse range of tenants across various sectors.
Average Trading Volume: 1,761,199
Technical Sentiment Signal: Buy
Current Market Cap: A$2.13B
Learn more about CIP stock on TipRanks’ Stock Analysis page.