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Director Increases Stake in Charter Hall Retail REIT

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Director Increases Stake in Charter Hall Retail REIT

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Charter Hall Retail REIT ( (AU:CQR) ) has shared an announcement.

Charter Hall Retail REIT has announced a change in the director’s interest notice, specifically concerning Michael Gorman, a director of the company. Michael Gorman increased his indirect interest in the company by acquiring 17,700 shares through an on-market trade at $3.41 per unit, raising his total holding to 42,769 shares. This acquisition reflects a potential vote of confidence in the company’s future prospects, potentially impacting the perception of stakeholders and market positioning.

More about Charter Hall Retail REIT

Charter Hall Retail REIT is a real estate investment trust primarily focused on the ownership and management of retail properties. It operates within the real estate sector, offering investment opportunities in a diversified portfolio of shopping centers and other retail assets across Australia.

YTD Price Performance: 8.02%

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: €1.21B

For detailed information about CQR stock, go to TipRanks’ Stock Analysis page.

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