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Centuria Industrial REIT ( (AU:CIP) ) just unveiled an update.
Centuria Industrial REIT has announced a daily update on its ongoing on-market buy-back program, with a total of 97,438 ordinary units bought back on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance the value for its stakeholders by reducing the number of outstanding shares.
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 sector, focusing on industrial properties. It provides investment opportunities in industrial real estate, targeting a market that values stable income streams and potential capital growth.
Average Trading Volume: 1,851,070
Technical Sentiment Signal: Buy
Current Market Cap: A$2.17B
Find detailed analytics on CIP stock on TipRanks’ Stock Analysis page.