What’s Next for Vicinity Centres Re Ltd After Today’s Huge Increase?

 What's Next for Vicinity Centres Re Ltd After Today's Huge Increase?

The stock of Vicinity Centres Re Ltd (ASX:VCX) is a huge mover today! The stock increased 2.46% or $0.07 on November 30, hitting $2.92. About 27.43 million shares traded hands or 156.12% up from the average. Vicinity Centres Re Ltd (ASX:VCX) has declined 14.87% since May 4, 2016 and is downtrending. It has underperformed by 20.10% the S&P500.
The move comes after 6 months positive chart setup for the $11.56B company. It was reported on Nov, 30 by Barchart.com. We have $3.15 PT which if reached, will make ASX:VCX worth $924.80 million more.

More notable recent Vicinity Centres Re Ltd (ASX:VCX) news were published by: Fool.com.Au which released: “Are shares in Vicinity Centres RE Ltd cheap?” on May 23, 2016, also Fool.com.Au with their article: “Crown Resorts Ltd & Vicinity Centres Re Ltd: 2 shares at bargain prices?” published on October 25, 2016, Fool.com.Au published: “2 reliable dividend shares I think you can buy today” on November 14, 2016. More interesting news about Vicinity Centres Re Ltd (ASX:VCX) were released by: Fool.com.Au and their article: “Better buy? Westfield Corp Ltd vs Scentre Group” published on November 09, 2016 as well as Fool.com.Au‘s news article titled: “Have we found some hidden gems in Australia’s A-REIT sector?” with publication date: July 16, 2015.

Vicinity Centres RE Ltd, formerly Federation Centres Limited, is a real estate investment trust , which focuses on owning, managing and developing Australian assets across the retail range. The company has a market cap of $11.56 billion. The Company’s principal activities are property investment, property management, property development, leasing and funds management. It has a 12.04 P/E ratio. The Company’s divisions include Property Investment and Strategic Partnerships.

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