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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, with a total of 5,721,928 securities bought back before the previous day and an additional 143,000 securities acquired on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance the value for its stakeholders, reflecting a proactive approach in optimizing its financial operations.
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 real estate investment trust that focuses on industrial properties. It primarily deals with the acquisition, management, and leasing of industrial assets, serving a market that includes logistics, manufacturing, and distribution sectors.
Average Trading Volume: 1,866,450
Technical Sentiment Signal: Buy
Current Market Cap: A$2.15B
Learn more about CIP stock on TipRanks’ Stock Analysis page.