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Centuria Industrial REIT ( (AU:CIP) ) just unveiled an update.
Centuria Industrial REIT has announced an update regarding its ongoing buy-back program, revealing that a total of 149,212 ordinary units were bought back on the previous day, adding to the 1,318,593 units already repurchased. This buy-back initiative reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value, indicating a proactive approach in optimizing its financial operations.
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 sector, focusing on industrial properties. It primarily deals with the acquisition and management of industrial assets, catering to investors seeking exposure to the industrial real estate market.
Average Trading Volume: 1,780,038
Technical Sentiment Signal: Buy
Current Market Cap: A$2.13B
Find detailed analytics on CIP stock on TipRanks’ Stock Analysis page.