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Centuria Industrial REIT ( (AU:CIP) ) has provided an update.
Centuria Industrial REIT has announced a daily update on its ongoing buy-back program, revealing that a total of 142,142 ordinary units were bought back on the previous day, adding to the 2,802,365 units already repurchased. This buy-back initiative is part of the company’s strategy to enhance shareholder value and optimize its capital structure, potentially impacting its market positioning by signaling confidence in its financial health.
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 (REIT) sector, focusing on industrial properties. The company primarily deals with acquiring, managing, and developing industrial real estate assets, catering to a market that demands logistical and warehousing solutions.
Average Trading Volume: 1,818,363
Technical Sentiment Signal: Buy
Current Market Cap: A$2.22B
Find detailed analytics on CIP stock on TipRanks’ Stock Analysis page.