tiprankstipranks
Trending News
More News >

Waypoint REIT Updates on Daily Buy-Back Progress

Story Highlights
Waypoint REIT Updates on Daily Buy-Back Progress

Confident Investing Starts Here:

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.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App