NexLiving Communities Renews Share Buyback Program to Enhance Shareholder Value

NexLiving Communities Inc ( (TSE:NXLV) ) just unveiled an announcement.

NexLiving Communities Inc. has announced the renewal of its Normal Course Issuer Bid (NCIB), allowing the company to repurchase up to 1,500,000 common shares, approximately 9.6% of its public float, over the next year. The company views this move as a strategic investment to enhance shareholder value, as it believes the current trading price undervalues its business and future prospects. The repurchase will be funded through the company’s working capital and conducted via the TSX Venture Exchange.

The most recent analyst rating on (TSE:NXLV) stock is a Buy with a C$3.25 price target. To see the full list of analyst forecasts on NexLiving Communities Inc stock, see the TSE:NXLV Stock Forecast page.

More about NexLiving Communities Inc

NexLiving Communities Inc. operates in the real estate industry, focusing on acquiring and managing multi-residential properties in secondary markets across Canada. The company aims to provide comfortable and affordable housing solutions with modern amenities, targeting a broad demographic. NexLiving currently owns 2,083 units across New Brunswick, Quebec, Ontario, and Manitoba, and is actively seeking additional acquisition opportunities.

Average Trading Volume: 13,341

Technical Sentiment Signal: Sell

Current Market Cap: C$55.95M

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