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Centuria Industrial REIT ( (AU:CIP) ) has shared an update.
Centuria Industrial REIT has announced a daily update on its ongoing on-market buy-back program, which involves the repurchase of its ordinary fully paid units. As of the latest update, the company has bought back a total of 3,512,357 securities, with 142,610 purchased on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
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 trust sector, focusing on industrial properties. It primarily deals with the acquisition, management, and leasing of industrial assets, catering to a range of tenants in the industrial market.
Average Trading Volume: 1,746,500
Technical Sentiment Signal: Buy
Current Market Cap: A$2.22B
For an in-depth examination of CIP stock, go to TipRanks’ Overview page.