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Dexus Convenience Retail REIT ( (AU:DXC) ) has provided an update.
Dexus Convenience Retail REIT has provided an updated notification on its ongoing on-market buy-back of fully paid stapled securities traded under the ASX code DXC. The latest filing states that a total of 1,886,764 securities had been repurchased prior to the previous trading day, with a further 34,593 units bought back on the previous day.
The update reflects the REIT’s continued execution of its capital management strategy through the buy-back program first notified in February 2022. By reducing the number of securities on issue, the trust is likely aiming to enhance capital efficiency and potentially improve per-security metrics for existing unitholders over time.
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 an Australian listed real estate investment trust focused on owning and managing convenience retail assets. Its portfolio is comprised primarily of service station and convenience retail properties, providing investors exposure to daily-needs retail tenants across multiple locations.
Average Trading Volume: 192,967
Technical Sentiment Signal: Buy
Current Market Cap: A$368.5M
See more data about DXC stock on TipRanks’ Stock Analysis page.