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Waypoint REIT Ltd. ( (AU:WPR) ) has provided an update.
Waypoint REIT Ltd. has announced an update on its ongoing on-market buy-back program, with a total of 14,488,749 securities bought back before the previous day and an additional 242,132 securities bought back on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of outstanding securities.
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 the ownership and management of retail properties. The company’s primary product includes fully paid ordinary units stapled securities, and it is listed on the Australian Securities Exchange (ASX) under the code WPR.
Average Trading Volume: 1,569,346
Technical Sentiment Signal: Buy
Current Market Cap: A$1.75B
Learn more about WPR stock on TipRanks’ Stock Analysis page.