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The latest announcement is out from Vicinity Centres ( (AU:VCX) ).
Vicinity Centres has announced that its distribution reinvestment plan (DRP) will apply to the FY25 final distribution for the six months ending June 30, 2025. A 1.0% discount will be applied to securities issued under the DRP, which will be priced based on the average market price during a specified period. This move is likely to impact the company’s financial operations by potentially increasing shareholder investment through reinvestment of distributions.
The most recent analyst rating on (AU:VCX) stock is a Hold with a A$2.40 price target. To see the full list of analyst forecasts on Vicinity Centres stock, see the AU:VCX Stock Forecast page.
More about Vicinity Centres
Vicinity Centres is one of Australia’s leading retail property groups, managing $24 billion in retail assets across 52 shopping centres. It is the second largest listed manager of Australian retail property and operates a Direct Portfolio with interests in 51 shopping centres. Vicinity is listed on the Australian Securities Exchange under the code ‘VCX’ and also has European medium term notes listed under ‘VCD’.
Average Trading Volume: 9,960,821
Technical Sentiment Signal: Buy
Current Market Cap: A$11.5B
See more insights into VCX stock on TipRanks’ Stock Analysis page.