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The latest update is out from Waypoint REIT Ltd. ( (AU:WPR) ).
Waypoint REIT Ltd. has announced an update on its ongoing on-market buy-back program, reporting the buy-back of 297,789 securities on the previous day, bringing the total number of securities bought back to 10,383,751. This buy-back initiative is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:WPR) stock is a Sell with a A$2.56 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 primarily on managing and investing in a portfolio of retail properties. The company is listed on the Australian Securities Exchange (ASX) and is involved in acquiring and managing properties that provide stable rental income.
Average Trading Volume: 1,953,569
Technical Sentiment Signal: Buy
Current Market Cap: A$1.77B
For an in-depth examination of WPR stock, go to TipRanks’ Stock Analysis page.