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RAM Essential Services Property Fund ( (AU:REP) ) has provided an announcement.
RAM Essential Services Property Fund has announced an update on its ongoing buy-back program, reporting the purchase of 165,000 securities on the previous day, bringing the total number of securities bought back to over 2.7 million. This buy-back initiative is part of the company’s strategy to enhance shareholder value and optimize its capital structure, reflecting positively on its market positioning and potentially benefiting stakeholders by consolidating ownership and improving financial metrics.
More about RAM Essential Services Property Fund
RAM Essential Services Property Fund operates in the real estate industry, focusing on the management and acquisition of essential service properties. Its primary products include fully paid units stapled securities, with a market focus on providing stable and secure investment opportunities in essential service sectors.
YTD Price Performance: -4.17%
Average Trading Volume: 382,358
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$289.2M
Learn more about REP stock on TipRanks’ Stock Analysis page.