Mirvac Director Hartnett Increases Holding in Stapled Securities

The latest update is out from Mirvac Group ( (AU:MGR) ).

Mirvac Group has reported a change in the interests of non-executive director Rosemary Beryl Hartnett, reflecting an on-market purchase of additional stapled securities. Hartnett acquired 7,500 Mirvac stapled securities at $1.9995 each, increasing her direct holding from 56,111 to 63,611 securities, with no associated rights to acquire further stapled securities.

The transaction was conducted as an on-market trade and did not occur during a closed period, meaning no prior trading clearance was required under the company’s governance framework. The purchase signals increased personal exposure by a board member to Mirvac’s equity, a move that may be interpreted by investors as a sign of confidence in the group’s outlook and alignment with shareholder interests.

The most recent analyst rating on (AU:MGR) stock is a Hold with a A$2.17 price target. To see the full list of analyst forecasts on Mirvac Group stock, see the AU:MGR Stock Forecast page.

More about Mirvac Group

Mirvac Group is an Australian diversified property group formed by the stapling of securities in Mirvac Limited and Mirvac Property Trust. The group is active across property investment, development, and funds management, with its stapled securities traded on the ASX and held by a broad base of institutional and retail investors.

Average Trading Volume: 14,246,074

Technical Sentiment Signal: Sell

Current Market Cap: A$7.81B

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