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Centuria Industrial REIT ( (AU:CIP) ) has issued an update.
Centuria Industrial REIT has announced an update on its ongoing on-market buy-back program, revealing that a total of 144,000 ordinary units were bought back on the previous day, adding to the cumulative total of 9,290,826 units repurchased. This buy-back initiative is part of the company’s strategy to enhance value for its stakeholders by optimizing its capital structure and potentially improving earnings per unit.
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 provides investors with exposure to a diversified portfolio of industrial assets across Australia, aiming to deliver stable income and capital growth.
Average Trading Volume: 1,855,115
Technical Sentiment Signal: Buy
Current Market Cap: A$2.19B
See more insights into CIP stock on TipRanks’ Stock Analysis page.