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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, specifically detailing the daily buy-back of its securities. As of the latest update, the company has repurchased a total of 6,296,601 securities, with an additional 144,000 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 shareholder value.
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. The company primarily deals with the acquisition and management of industrial assets, catering to investors seeking exposure to the industrial property market.
Average Trading Volume: 1,876,245
Technical Sentiment Signal: Buy
Current Market Cap: A$2.2B
For detailed information about CIP stock, go to TipRanks’ Stock Analysis page.