Centuria Industrial Reit (ASX:CIP)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as A$2.33 ($1.65) and last traded at A$2.55 ($1.81), with a volume of 1811696 shares trading hands. The stock had previously closed at A$2.29 ($1.62).
The firm has a market cap of $886.06 million and a price-to-earnings ratio of 10.77. The firm has a 50 day moving average of A$3.37 and a 200 day moving average of A$3.43. The company has a quick ratio of 0.83, a current ratio of 1.79 and a debt-to-equity ratio of 59.04.
The business also recently declared a Interim dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 29th will be paid a dividend of $0.047 per share. The ex-dividend date of this dividend is Monday, March 30th. This represents a yield of 1.67%. Centuria Industrial Reit’s dividend payout ratio (DPR) is currently 73.08%.
Centuria Industrial REIT (ASX: CIP) offers investors a chance to invest in industrial property via a listed property trust. CIP is Australia's largest ASX listed income focused industrial investment vehicle and is included in the S&P ASX300 index. CIP owns a portfolio of 37 high quality industrial assets with a value of $1 billion, the properties are located in key metropolitan locations throughout Australia.
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