Nexus Industrial REIT (TSE:NXR.UN) Director Buys C$19,260.66 in Stock

Nexus Industrial REIT (TSE:NXR.UN) Director Edwin E. Mclaughlin acquired 2,463 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were acquired at an average cost of C$7.82 per share, with a total value of C$19,260.66.

Nexus Industrial REIT Stock Performance

Shares of Nexus Industrial REIT stock traded down C$0.07 on Monday, reaching C$7.81. 109,066 shares of the company were exchanged, compared to its average volume of 146,122. The company has a debt-to-equity ratio of 129.95, a quick ratio of 0.12 and a current ratio of 0.44. The firm has a market cap of C$552.48 million, a price-to-earnings ratio of 3.26 and a beta of 1.51. Nexus Industrial REIT has a 1-year low of C$6.47 and a 1-year high of C$9.15. The company’s 50-day moving average is C$8.25 and its two-hundred day moving average is C$7.91.

Nexus Industrial REIT Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 13th were given a dividend of $0.0533 per share. The ex-dividend date was Friday, November 29th. This represents a $0.64 dividend on an annualized basis and a yield of 8.19%. Nexus Industrial REIT’s dividend payout ratio (DPR) is presently 26.45%.

Analysts Set New Price Targets

Several brokerages recently weighed in on NXR.UN. CIBC boosted their target price on shares of Nexus Industrial REIT from C$9.00 to C$9.50 in a research note on Wednesday, November 13th. BMO Capital Markets raised their price objective on Nexus Industrial REIT from C$8.50 to C$9.00 in a research report on Monday, October 28th. Finally, Raymond James increased their target price on Nexus Industrial REIT from C$9.25 to C$9.50 in a research note on Friday, September 6th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Nexus Industrial REIT has an average rating of “Moderate Buy” and an average price target of C$8.92.

About Nexus Industrial REIT

Nexus Industrial REIT 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.