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Centuria Industrial REIT ( (AU:CIP) ) just unveiled an update.
Centuria Industrial REIT announced an update on its ongoing securities buy-back program, reporting a total of 8,286,392 securities bought back prior to the previous day, with an additional 142,000 securities bought back on the previous day. This buy-back initiative reflects the company’s strategy to manage its capital structure effectively, potentially enhancing shareholder value and signaling confidence in its market positioning.
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 is a real estate investment trust focusing on industrial properties. It primarily deals with the acquisition and management of industrial real estate assets, catering to the needs of businesses requiring warehouse and logistics facilities.
Average Trading Volume: 1,847,774
Technical Sentiment Signal: Buy
Current Market Cap: A$2.17B
Learn more about CIP stock on TipRanks’ Stock Analysis page.