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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, with a total of 148,501 ordinary units bought back on the previous day, adding to the 1,924,076 units previously acquired. This buy-back initiative is part of the company’s strategy to optimize its capital structure and potentially enhance the value of its remaining units, indicating a proactive approach to managing shareholder value.
The most recent analyst rating on (AU:CIP) stock is a Buy with a A$3.80 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. The company primarily deals with acquiring, managing, and investing in industrial real estate assets, catering to businesses requiring warehouse and logistics spaces.
Average Trading Volume: 1,822,189
Technical Sentiment Signal: Buy
Current Market Cap: A$2.12B
See more insights into CIP stock on TipRanks’ Stock Analysis page.