ESR Reduces Stake in Cromwell Property Group

Cromwell Property Group ( (AU:CMW) ) just unveiled an announcement.

ESR Group has reduced its ownership in Cromwell Property Group by selling a 10.8% stake as part of its strategy to simplify its business through non-core divestments. Despite the sale, ESR remains the largest securityholder in Cromwell with a 19.9% stake, indicating continued confidence in Cromwell’s future prospects.

The most recent analyst rating on (AU:CMW) stock is a Hold with a A$0.46 price target. To see the full list of analyst forecasts on Cromwell Property Group stock, see the AU:CMW Stock Forecast page.

More about Cromwell Property Group

Cromwell Property Group (ASX:CMW) is a real estate investor and manager with $4.5 billion of assets under management in Australia and New Zealand. It is a trusted capital partner and investment manager for global and local investors, capital providers, and banking partners, known for creating value and delivering superior risk-adjusted returns throughout the real estate investment cycle.

Average Trading Volume: 1,887,259

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$995.2M

Learn more about CMW stock on TipRanks’ Stock Analysis page.