TD Securities Trims Nexus Industrial REIT (TSE:NXR.UN) Target Price to C$7.50

Nexus Industrial REIT (TSE:NXR.UN) had its price target dropped by TD Securities from C$8.00 to C$7.50 in a report released on Wednesday, BayStreet.CA reports. TD Securities’ price objective would indicate a potential upside of 5.04% from the stock’s previous close.

A number of other brokerages have also recently commented on NXR.UN. Royal Bank of Canada decreased their price objective on Nexus Industrial REIT from C$9.00 to C$8.50 and set a “sector perform” rating for the company in a research note on Monday, March 18th. BMO Capital Markets cut their price target on shares of Nexus Industrial REIT from C$8.50 to C$8.00 in a research report on Monday, March 25th. National Bankshares decreased their price objective on shares of Nexus Industrial REIT from C$8.75 to C$8.50 in a report on Friday, March 15th. CIBC lowered their target price on shares of Nexus Industrial REIT from C$10.50 to C$9.75 in a research note on Friday, March 15th. Finally, Raymond James lifted their price target on shares of Nexus Industrial REIT from C$9.25 to C$9.75 and gave the stock an “outperform” rating in a research report on Monday, January 8th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Nexus Industrial REIT has a consensus rating of “Hold” and an average price target of C$8.61.

Nexus Industrial REIT Trading Down 2.1 %

NXR.UN stock traded down C$0.15 during midday trading on Wednesday, reaching C$7.14. The company’s stock had a trading volume of 29,266 shares, compared to its average volume of 149,390. The business’s 50-day simple moving average is C$7.60 and its 200-day simple moving average is C$7.59. The stock has a market cap of C$490.95 million, a PE ratio of 3.06 and a beta of 1.45. Nexus Industrial REIT has a 52 week low of C$6.08 and a 52 week high of C$9.97. The company has a quick ratio of 0.12, a current ratio of 0.36 and a debt-to-equity ratio of 139.77.

Nexus Industrial REIT Company Profile

Nexus is a growth oriented real estate investment trust focused on increasing unitholder value through the acquisition, ownership and management of industrial, office and retail properties located in primary and secondary markets in North America. The REIT currently owns a portfolio of 73 properties comprising approximately 4.1 million square feet of rentable area.