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Centuria Industrial REIT ( (AU:CIP) ) has shared an update.
Centuria Industrial REIT has announced an update regarding its ongoing on-market buy-back program, with a total of 9,002,576 securities bought back before the previous day and an additional 144,000 securities bought back on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure effectively, potentially enhancing the value for its stakeholders by reducing the number of outstanding units.
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 primarily on industrial properties. Its primary product is the investment in and management of industrial real estate assets, catering to a market that seeks stable income through property investments.
Average Trading Volume: 1,849,625
Technical Sentiment Signal: Buy
Current Market Cap: A$2.14B
See more insights into CIP stock on TipRanks’ Stock Analysis page.