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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 buy-back program, indicating a total of 7,718,581 securities have been bought back prior to the previous day, with an additional 142,000 securities acquired on the preceding day. This buy-back initiative is part of the company’s strategy to manage its capital structure effectively, potentially enhancing shareholder value and signaling confidence in its market position.
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 is a company operating in the real estate investment trust (REIT) industry, focusing on industrial properties. It primarily deals with the acquisition, management, and leasing of industrial real estate assets, catering to businesses requiring warehouse and logistics spaces.
Average Trading Volume: 1,889,122
Technical Sentiment Signal: Buy
Current Market Cap: A$2.2B
Learn more about CIP stock on TipRanks’ Stock Analysis page.