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Director Increases Stake in Shopping Centres Australasia Property Group RE

Story Highlights
  • Anthony Michael Grainger Mellowes increased his holdings by acquiring 310,722 stapled units.
  • The acquisition reflects confidence in the company’s future performance and may impact stakeholder perceptions.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Director Increases Stake in Shopping Centres Australasia Property Group RE

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Shopping Centres Australasia Property Group RE ( (AU:RGN) ) just unveiled an update.

Shopping Centres Australasia Property Group RE, operating under Region Group, has announced a change in the director’s interest notice. Anthony Michael Grainger Mellowes, a director, has increased his holdings in the company by acquiring 310,722 stapled units through the Executive Incentive Plan, reflecting both long-term and short-term incentive rights. This change indicates a significant increase in his stake, which could signal confidence in the company’s future performance and potentially impact stakeholder perceptions positively.

The most recent analyst rating on (AU:RGN) stock is a Buy with a A$2.70 price target. To see the full list of analyst forecasts on Shopping Centres Australasia Property Group RE stock, see the AU:RGN Stock Forecast page.

More about Shopping Centres Australasia Property Group RE

Average Trading Volume: 3,291,897

Technical Sentiment Signal: Buy

Current Market Cap: A$2.87B

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

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