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Centuria Industrial REIT ( (AU:CIP) ) has issued an announcement.
Centuria Industrial REIT has announced an update on its ongoing on-market buy-back program, with a total of 5,864,928 securities bought back before the previous day and an additional 145,294 securities bought back on the previous day. 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 investor relations.
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 on industrial properties. The company provides investors with exposure to a portfolio of industrial assets, primarily located in Australia, and aims to deliver stable income distributions and capital growth.
Average Trading Volume: 1,865,591
Technical Sentiment Signal: Buy
Current Market Cap: A$2.17B
Find detailed analytics on CIP stock on TipRanks’ Stock Analysis page.