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Centuria Industrial REIT ( (AU:CIP) ) has provided an update.
Centuria Industrial REIT has announced a daily update on its ongoing on-market buy-back program, revealing that a total of 148,519 ordinary units were bought back on the previous day, adding to the cumulative total of 2,072,577 units repurchased. This buy-back initiative is part of the company’s strategy to optimize its capital structure and potentially enhance the value for its stakeholders by reducing the number of shares outstanding.
The most recent analyst rating on (AU:CIP) stock is a Buy with a A$3.75 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) industry, focusing on industrial properties. It provides investors with exposure to a diversified portfolio of industrial assets across key metropolitan markets in Australia.
Average Trading Volume: 1,806,920
Technical Sentiment Signal: Buy
Current Market Cap: A$2.12B
For an in-depth examination of CIP stock, go to TipRanks’ Overview page.