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The latest update is out from Duxton Farms Limited ( (AU:DBF) ).
Duxton Farms Ltd has completed the sale of its ‘Merriment’ property to a private buyer for AU$5.1 million, including 534.7 hectares of land and 828 megalitres of water entitlements, on a vacant possession basis. The company plans to reinvest the proceeds into its post-merger portfolio and continue rotating capital out of broadacre farming properties into other portfolio opportunities that its directors believe will generate higher returns on capital, signalling an ongoing shift in asset mix and a focus on enhancing portfolio performance.
The most recent analyst rating on (AU:DBF) stock is a Hold with a A$0.78 price target. To see the full list of analyst forecasts on Duxton Farms Limited stock, see the AU:DBF Stock Forecast page.
More about Duxton Farms Limited
Duxton Farms Ltd is an Australian agricultural company focused on broadacre farming properties and related agricultural assets, managing a portfolio that includes landholdings and water entitlements and actively reallocating capital to improve returns.
Average Trading Volume: 78,132
Technical Sentiment Signal: Sell
Current Market Cap: A$92.13M
For an in-depth examination of DBF stock, go to TipRanks’ Overview page.