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An announcement from Centuria Industrial REIT ( (AU:CIP) ) is now available.
Centuria Industrial REIT has announced an update on its ongoing buy-back program, reporting the purchase of 140,002 ordinary units on the previous day, bringing the total number of securities bought back to 3,797,126. This buy-back initiative is part of the company’s strategy to optimize its capital structure and enhance shareholder value, reflecting its commitment to maintaining a robust market position and delivering returns to stakeholders.
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 operates in the real estate investment trust (REIT) industry, focusing primarily on industrial properties. The company is involved in acquiring, managing, and developing industrial real estate assets, catering to a diverse range of tenants and investors in the industrial sector.
Average Trading Volume: 1,763,255
Technical Sentiment Signal: Buy
Current Market Cap: A$2.23B
See more data about CIP stock on TipRanks’ Stock Analysis page.