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Centuria Industrial REIT ( (AU:CIP) ) has issued an announcement.
Centuria Industrial REIT announced an update on its ongoing on-market buy-back program, revealing the purchase of 142,514 ordinary units on the previous day, bringing the total number of securities bought back to 3,228,628. This buy-back initiative is part of the company’s strategy to enhance value for its stakeholders by optimizing its capital structure and potentially improving earnings per unit.
The most recent analyst rating on (AU:CIP) stock is a Hold with a A$3.63 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 sector, focusing on industrial properties. It provides investors with access to a diversified portfolio of industrial assets across key metropolitan areas in Australia, aiming to deliver stable income and capital growth.
Average Trading Volume: 1,731,518
Technical Sentiment Signal: Buy
Current Market Cap: A$2.23B
See more insights into CIP stock on TipRanks’ Stock Analysis page.