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Centuria Industrial REIT ( (AU:CIP) ) has shared an update.
Centuria Industrial REIT announced a daily update on its ongoing on-market buy-back program, reporting the repurchase of 151,651 ordinary units on the previous day, bringing the total to 1,467,805 units bought back. This buy-back initiative is part of the company’s strategy to optimize its capital structure and potentially enhance unit holder value.
The most recent analyst rating on (AU:CIP) stock is a Buy with a A$3.50 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 investment opportunities in fully paid ordinary units, catering to investors seeking exposure to industrial real estate assets.
Average Trading Volume: 1,792,551
Technical Sentiment Signal: Buy
Current Market Cap: A$2.13B
For an in-depth examination of CIP stock, go to TipRanks’ Overview page.