Nexus Industrial REIT (TSE:NXR.UN – Get Free Report) has been given an average rating of “Moderate Buy” by the eight brokerages that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$8.47.
Several research analysts have recently commented on the company. CIBC reduced their target price on Nexus Industrial REIT from C$9.75 to C$9.00 and set an “outperform” rating for the company in a research note on Thursday, May 16th. TD Securities decreased their price objective on shares of Nexus Industrial REIT from C$8.00 to C$7.50 in a report on Wednesday, April 24th. Scotiabank cut their target price on shares of Nexus Industrial REIT from C$9.00 to C$8.50 in a research note on Thursday, May 16th. National Bankshares upgraded shares of Nexus Industrial REIT from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$7.50 to C$8.00 in a research note on Thursday, July 18th. Finally, Raymond James cut their price objective on shares of Nexus Industrial REIT from C$9.00 to C$8.50 and set an “outperform” rating for the company in a research report on Thursday, May 16th.
View Our Latest Stock Report on Nexus Industrial REIT
Insider Activity at Nexus Industrial REIT
Nexus Industrial REIT Trading Down 0.8 %
Shares of TSE:NXR.UN opened at C$7.84 on Thursday. Nexus Industrial REIT has a 52-week low of C$6.08 and a 52-week high of C$8.60. The company has a debt-to-equity ratio of 139.77, a quick ratio of 0.12 and a current ratio of 0.36. The company has a market capitalization of C$540.10 million, a P/E ratio of 3.36 and a beta of 1.46. The company has a 50-day simple moving average of C$7.07 and a 200 day simple moving average of C$7.48.
Nexus Industrial REIT Dividend Announcement
The business also recently announced a monthly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th were issued a dividend of $0.0533 per share. This represents a $0.64 annualized dividend and a yield of 8.16%. The ex-dividend date was Monday, April 29th. Nexus Industrial REIT’s payout ratio is presently 27.47%.
About Nexus Industrial REIT
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.
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