Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Centuria Industrial REIT ( (AU:CIP) ) has provided an update.
Centuria Industrial REIT has announced an update regarding its ongoing buy-back program, revealing that a total of 142,159 ordinary units were repurchased on the previous day, adding to the cumulative total of 3,654,967 units bought back. This buy-back initiative is part of the company’s strategy to enhance shareholder value and optimize its capital structure, reflecting a proactive approach to managing its equity base.
The most recent analyst rating on (AU:CIP) stock is a Hold with a A$3.56 price target. To see the full list of analyst forecasts on Centuria Industrial REIT stock, see the AU:CIP Stock Forecast page.
More about Centuria Industrial REIT
Centuria Industrial REIT is a company operating in the real estate investment trust sector, focusing on industrial properties. It primarily deals with acquiring, managing, and investing in industrial real estate assets, aiming to provide investors with stable income and potential capital growth.
Average Trading Volume: 1,759,846
Technical Sentiment Signal: Buy
Current Market Cap: A$2.22B
For a thorough assessment of CIP stock, go to TipRanks’ Stock Analysis page.