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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, where it repurchased 398,395 securities on the previous day, adding to a total of 13,199,265 securities bought back so far. This buy-back initiative is part of the company’s strategy to optimize 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 is a real estate investment trust that focuses on owning and managing a portfolio of retail properties, primarily service stations and convenience retail assets across Australia. The company is listed on the Australian Securities Exchange under the code WPR.
Average Trading Volume: 1,514,766
Technical Sentiment Signal: Buy
Current Market Cap: A$1.76B
Learn more about WPR stock on TipRanks’ Stock Analysis page.