Waypoint REIT Updates on Buy-Back Program

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, with a total of 11,436,715 securities bought back prior to the previous day and an additional 499,754 securities purchased on the previous day. This buy-back initiative is part of the company’s strategy to optimize its capital structure and enhance shareholder value, reflecting confidence in its financial position and future prospects.

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 managing a portfolio of retail properties across Australia. The company primarily invests in service station and convenience retail properties, providing stable income through long-term leases.

Average Trading Volume: 1,978,235

Technical Sentiment Signal: Buy

Current Market Cap: A$1.74B

For detailed information about WPR stock, go to TipRanks’ Stock Analysis page.