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Centuria Industrial REIT ( (AU:CIP) ) has issued an announcement.
Centuria Industrial REIT has announced an update regarding its ongoing buy-back program, revealing that a total of 141,541 ordinary units were bought back on the previous day, adding to a cumulative total of 3,087,087 units acquired before that day. This buy-back initiative is part of the company’s strategy to manage its capital structure effectively, potentially enhancing shareholder value and signaling confidence in its current market position.
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 is a real estate investment trust that focuses on industrial properties. It primarily deals with acquiring, managing, and developing industrial real estate assets, catering to businesses in need of logistics and warehousing facilities.
Average Trading Volume: 1,799,728
Technical Sentiment Signal: Buy
Current Market Cap: A$2.21B
See more data about CIP stock on TipRanks’ Stock Analysis page.