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Waypoint REIT Ltd. ( (AU:WPR) ) has provided an update.
Waypoint REIT Ltd. has announced an update regarding its ongoing on-market buy-back program, with a total of 130,000 securities bought back on the previous day, adding to the cumulative total of 15,016,399 securities repurchased. This buy-back initiative is part of the company’s strategy to manage its capital structure efficiently, potentially enhancing shareholder value by reducing the number of outstanding shares.
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 properties. The company’s primary market focus is on high-quality retail properties, primarily service stations and convenience retail assets across Australia.
Average Trading Volume: 1,561,159
Technical Sentiment Signal: Buy
Current Market Cap: A$1.73B
See more data about WPR stock on TipRanks’ Stock Analysis page.