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The latest update is out from Centuria Industrial REIT ( (AU:CIP) ).
Centuria Industrial REIT has announced an update regarding its ongoing on-market buy-back of ordinary units. As of the latest update, the company has repurchased a total of 5,143,841 securities, with an additional 145,444 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, which may positively impact its market positioning and stakeholder interests.
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 primarily deals with acquiring, managing, and investing in industrial real estate assets across Australia, catering to a variety of tenants in the logistics, manufacturing, and distribution sectors.
Average Trading Volume: 1,822,007
Technical Sentiment Signal: Buy
Current Market Cap: A$2.16B
For detailed information about CIP stock, go to TipRanks’ Stock Analysis page.