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The latest update is out from Waypoint REIT Ltd. ( (AU:WPR) ).
Waypoint REIT has announced an update on its ongoing on-market buy-back program, reporting the purchase of 355,854 securities on the previous day, bringing the total number of securities bought back to 12,276,895. This buy-back initiative is part of the company’s strategy to enhance shareholder value and optimize its capital structure, reflecting a proactive approach to managing its financial resources.
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 is a real estate investment trust focused on owning and managing a portfolio of high-quality retail properties across Australia. The company primarily invests in service station and convenience retail properties, providing stable and secure rental income.
Average Trading Volume: 1,976,241
Technical Sentiment Signal: Buy
Current Market Cap: A$1.76B
For a thorough assessment of WPR stock, go to TipRanks’ Stock Analysis page.