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Centuria Industrial REIT ( (AU:CIP) ) has issued an announcement.
Centuria Industrial REIT announced an update on its ongoing buy-back program, revealing that a total of 147,977 ordinary units were bought back on the previous day, contributing to an overall total of 2,221,096 units repurchased. This buy-back initiative is part of the company’s strategy to enhance shareholder value and optimize its capital structure.
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 trust industry, focusing on industrial properties. It provides investors with access to a diversified portfolio of industrial assets across Australia, aiming to deliver stable income and capital growth.
Average Trading Volume: 1,797,907
Technical Sentiment Signal: Buy
Current Market Cap: A$2.11B
For a thorough assessment of CIP stock, go to TipRanks’ Stock Analysis page.