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Waypoint REIT Ltd. ( (AU:WPR) ) has provided an update.
Waypoint REIT Ltd. announced an update on its ongoing on-market buy-back program, revealing that it repurchased 243,360 securities on the previous day, bringing the total number of securities bought back to 18,201,274. This buy-back initiative is part of the company’s strategy to enhance shareholder value and optimize its capital structure, potentially impacting its market positioning and offering implications for stakeholders by signaling confidence in its financial health.
The most recent analyst rating on (AU:WPR) stock is a Buy with a A$3.00 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 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: 1,702,121
Technical Sentiment Signal: Buy
Current Market Cap: A$1.8B
Find detailed analytics on WPR stock on TipRanks’ Stock Analysis page.