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Stockland ( (AU:SGP) ) has issued an announcement.
Stockland has announced a change in the director’s interest, specifically concerning Tarun Dinkar Gupta. The changes involve the acquisition and disposal of ordinary stapled securities and performance rights. Gupta acquired 1,202,277 ordinary stapled securities and disposed of 468,500 ordinary stapled securities and 801,518 performance rights. This adjustment in Gupta’s holdings was part of his FY22 Performance Rights Plan, with the conversion of performance rights into ordinary stapled securities. The transactions included off-market transfers and on-market disposals to meet tax liabilities, reflecting a strategic realignment of Gupta’s investment in the company.
The most recent analyst rating on (AU:SGP) stock is a Hold with a A$6.10 price target. To see the full list of analyst forecasts on Stockland stock, see the AU:SGP Stock Forecast page.
More about Stockland
Stockland is a prominent entity in the real estate industry, primarily engaged in the development and management of residential, retail, and commercial properties. The company operates through a joint listing of Stockland Corporation Limited and Stockland Trust, focusing on providing sustainable and community-oriented living spaces.
Average Trading Volume: 5,621,109
Technical Sentiment Signal: Buy
Current Market Cap: A$15B
For a thorough assessment of SGP stock, go to TipRanks’ Stock Analysis page.