2340 GMT - Dexus's behavior around its buyback is seen by Jefferies analyst Andrew Dodds as giving mixed messages to shareholders. Dodds wonders why execution of the buyback has been so inconsistent given management's overwhelmingly positive commentary of it as a capital management tool. Dodds points out in a note to clients that the Australian real-estate operator paused the buyback ahead of its disappointing third-quarter update, and hasn't purchased stock for a week at the time of writing. The stock, which is down 20% so far in 2026, appears disconnected to net tangible assets, he adds. Jefferies has a last-published hold rating on the stock, and a target price of 5.60 Australian dollars. Shares are at A$5.55 ahead of the open.
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