Waypoint REIT Updates on Daily Buy-Back Progress

Waypoint REIT Ltd. ( (AU:WPR) ) just unveiled an update.

Waypoint REIT Ltd. has announced a daily update on its ongoing on-market buy-back program of fully paid ordinary units stapled securities. As of the latest update, the company has bought back a total of 12,276,895 securities, including 340,426 on the previous day. This buy-back initiative is part of Waypoint REIT’s strategy to manage its capital structure and potentially enhance 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 the ownership and management of a portfolio of retail properties across Australia. The company primarily deals with fully paid ordinary units stapled securities, catering to investors seeking stable income through property investments.

Average Trading Volume: 1,970,219

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$1.74B

For an in-depth examination of WPR stock, go to TipRanks’ Overview page.