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Waypoint REIT Ltd. ( (AU:WPR) ) has provided an update.
Waypoint REIT has announced a daily update on its ongoing on-market buy-back program, which involves repurchasing its fully paid ordinary units stapled securities. As of the latest update, the company has bought back a total of 5,470,181 securities, including 316,832 securities purchased on the previous day. This buy-back initiative is part of Waypoint REIT’s strategy to optimize its capital structure and enhance shareholder value, reflecting confidence in the company’s 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 is a real estate investment trust (REIT) that focuses on owning and managing a portfolio of retail properties across Australia. The company primarily invests in service station and convenience retail properties, providing stable income streams and potential for capital growth.
Average Trading Volume: 1,921,569
Technical Sentiment Signal: Buy
Current Market Cap: A$1.75B
Learn more about WPR stock on TipRanks’ Stock Analysis page.