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An announcement from Waypoint REIT Ltd. ( (AU:WPR) ) is now available.
Waypoint REIT Ltd. has announced an update on its ongoing buy-back program, reporting the acquisition of 306,128 securities on the previous day, bringing the total to 5,470,181 securities bought back. This buy-back initiative is part of the company’s strategy to enhance shareholder value by reducing the number of outstanding shares, potentially increasing earnings per share and improving market positioning.
The most recent analyst rating on (AU:WPR) stock is a Hold with a A$2.70 price target. To see the full list of analyst forecasts on Waypoint REIT Ltd. stock, see the AU:WPR Stock Forecast page.
More about Waypoint REIT Ltd.
Waypoint REIT Ltd. operates in the real estate investment trust (REIT) industry, focusing on owning and managing a portfolio of retail properties. The company primarily deals with fully paid ordinary units stapled securities, catering to investors looking for stable income through property investments.
Average Trading Volume: 1,924,478
Technical Sentiment Signal: Buy
Current Market Cap: A$1.75B
For detailed information about WPR stock, go to TipRanks’ Stock Analysis page.