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The latest update is out from Centuria Industrial REIT ( (AU:CIP) ).
Centuria Industrial REIT has announced an update on its ongoing on-market buy-back program, revealing the purchase of 143,500 ordinary units on the previous day, bringing the total to 9,964,764 units bought back. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance value for its stakeholders.
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 in the real estate investment sector, focusing on industrial properties. The company provides investment opportunities in industrial real estate, catering to investors seeking exposure to this asset class.
Average Trading Volume: 1,552,664
Technical Sentiment Signal: Buy
Current Market Cap: A$2.15B
For an in-depth examination of CIP stock, go to TipRanks’ Overview page.