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Centuria Industrial REIT ( (AU:CIP) ) has issued an update.
Centuria Industrial REIT announced an update on its ongoing on-market buy-back program, having repurchased a total of 8,002,581 securities before the previous day and an additional 140,596 securities 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 of its remaining units, reflecting a proactive approach to shareholder value enhancement.
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 on industrial properties. It primarily offers investment opportunities in fully paid ordinary units, targeting investors interested in the industrial real estate sector.
Average Trading Volume: 1,866,076
Technical Sentiment Signal: Buy
Current Market Cap: A$2.2B
For a thorough assessment of CIP stock, go to TipRanks’ Stock Analysis page.