Scentre Director Increases Stake via Distribution Reinvestment Plan

The latest announcement is out from Scentre Group ( (AU:SCG) ).

Scentre Group has disclosed a change in director Catherine Michelle Brenner’s indirect interest in the company’s ordinary stapled securities. The change arises from the issuance of 2,453 securities to Brenner Super Pty Limited under the group’s Distribution Reinvestment Plan at a price of $3.7998 per security.

Following this reinvestment, Brenner’s total indirect holding in Scentre Group increased from 104,656 to 107,109 stapled securities. The notice confirms there were no disposals of securities, no related contract interest changes and that the transaction did not occur during a closed trading period requiring special clearance.

The most recent analyst rating on (AU:SCG) stock is a Hold with a A$4.10 price target. To see the full list of analyst forecasts on Scentre Group stock, see the AU:SCG Stock Forecast page.

More about Scentre Group

Scentre Group is an Australian real estate investment trust that owns and operates the Westfield-branded shopping centre portfolio in Australia and New Zealand. The group’s business centres on managing, developing and investing in retail property assets that generate income from rent and related retail activities.

YTD Price Performance: -6.94%

Average Trading Volume: 10,796,363

Technical Sentiment Signal: Buy

Current Market Cap: A$19.93B

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