Dexus Convenience Retail REIT Updates Daily On-Market Buy-Back Activity

Dexus Convenience Retail REIT ( (AU:DXC) ) has issued an update.

Dexus Convenience Retail REIT, an ASX-listed real estate investment trust, specialises in owning and managing income-producing convenience retail properties through stapled, fully paid units traded under the code DXC. Its portfolio and structure are designed to provide stable rental income and capital management benefits to investors.

The trust has provided an updated notification on its ongoing on-market buy-back program for its stapled securities, reporting that a total of 1,921,357 securities had been repurchased prior to the latest day and a further 42,721 units were bought back on the previous trading day. This continued daily execution of the buy-back signals active capital management and may support earnings per security and unit price for existing holders by reducing the number of securities on issue.

The most recent analyst rating on (AU:DXC) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Dexus Convenience Retail REIT stock, see the AU:DXC Stock Forecast page.

More about Dexus Convenience Retail REIT

Dexus Convenience Retail REIT is a listed real estate investment trust focused on convenience retail assets, with its securities traded on the ASX under the code DXC. The trust holds stapled, fully paid units and invests in income-generating properties in the convenience retail sector for its unitholders.

Average Trading Volume: 193,411

Technical Sentiment Signal: Buy

Current Market Cap: A$363M

For an in-depth examination of DXC stock, go to TipRanks’ Overview page.