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An update from Centuria Industrial REIT ( (AU:CIP) ) is now available.
Centuria Industrial REIT has announced an update on its ongoing on-market buy-back program, revealing that it has repurchased a total of 6,726,601 ordinary units, including 143,000 units bought back 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 of its remaining units, reflecting a proactive approach to optimizing shareholder returns.
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 acquiring and managing a diverse portfolio of industrial assets across Australia, catering to the needs of businesses seeking industrial space.
Average Trading Volume: 1,870,064
Technical Sentiment Signal: Buy
Current Market Cap: A$2.2B
For detailed information about CIP stock, go to TipRanks’ Stock Analysis page.