Goodman director Mark Johnson lifts indirect stake in GMG securities

Goodman Group ( (AU:GMG) ) has provided an update.

Goodman Group has disclosed a change in the indirect holdings of director Mark Johnson in GMG stapled securities. The update, lodged under ASX listing rule 3.19A.2, details movements in securities held through investment and superannuation structures in which Johnson has a beneficial interest.

Johnson’s super fund, held via Netwealth Investments, acquired 2,000 GMG stapled securities in an on-market trade valued at about $50,775. This lifts his indirect interest in that vehicle to 9,648 securities, while his separate indirect holding via Stanley Street Investments remains unchanged at 9,352 securities, signalling a modest increase in his overall exposure to Goodman.

The most recent analyst rating on (AU:GMG) stock is a Buy with a A$33.92 price target. To see the full list of analyst forecasts on Goodman Group stock, see the AU:GMG Stock Forecast page.

More about Goodman Group

Goodman Group is a global industrial property group listed on the ASX under the ticker GMG. The group operates through Goodman Limited, Goodman Funds Management as responsible entity for Goodman Industrial Trust, and Goodman Logistics (HK) Limited, focusing on industrial and logistics real estate investment and management for institutional and other investors.

Average Trading Volume: 3,347,796

Technical Sentiment Signal: Hold

Current Market Cap: A$53.74B

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