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An announcement from Centuria Industrial REIT ( (AU:CIP) ) is now available.
Centuria Industrial REIT has announced an update regarding its ongoing buy-back program, revealing that a total of 140,500 securities were bought back on the previous day, adding to the cumulative total of 6,726,601 securities repurchased. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of outstanding units.
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 sector, focusing on industrial properties. It provides investment opportunities primarily through fully paid ordinary units, catering to investors seeking exposure to the industrial real estate market.
Average Trading Volume: 1,867,665
Technical Sentiment Signal: Buy
Current Market Cap: A$2.23B
See more insights into CIP stock on TipRanks’ Stock Analysis page.