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Centuria Industrial REIT ( (AU:CIP) ) has shared an announcement.
Centuria Industrial REIT has announced a daily update on its ongoing on-market buy-back program, revealing that a total of 141,547 ordinary units were bought back on the previous day, adding to the cumulative total of 4,078,503 units repurchased. This buy-back initiative is part of the company’s strategy to manage its capital structure, potentially enhancing shareholder value and signaling confidence in its market position.
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 industry, focusing on industrial properties. It provides investors with exposure to a diversified portfolio of industrial assets, primarily in Australia, and is listed on the Australian Securities Exchange under the code CIP.
Average Trading Volume: 1,817,185
Technical Sentiment Signal: Buy
Current Market Cap: A$2.25B
See more insights into CIP stock on TipRanks’ Stock Analysis page.