Nexus Industrial REIT Declares Monthly Dividend of $0.05 (TSE:NXR.UN)

Nexus Industrial REIT (TSE:NXR.UN) announced a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.0533 per share on Friday, February 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 8.45%. The ex-dividend date is Friday, January 31st.

Nexus Industrial REIT Stock Performance

Shares of Nexus Industrial REIT stock opened at C$7.57 on Wednesday. The company has a 50 day moving average price of C$7.73 and a 200 day moving average price of C$8.07. The firm has a market capitalization of C$535.50 million, a P/E ratio of 3.13 and a beta of 1.51. The company has a quick ratio of 0.12, a current ratio of 0.44 and a debt-to-equity ratio of 129.95. Nexus Industrial REIT has a 52 week low of C$6.47 and a 52 week high of C$9.15.

Insider Activity

In related news, Director Edwin E. Mclaughlin bought 50,000 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were acquired at an average price of C$7.88 per share, for a total transaction of C$393,845.00. Insiders have acquired 55,708 shares of company stock worth $438,844 in the last ninety days. Company insiders own 32.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NXR.UN. CIBC raised their price target on shares of Nexus Industrial REIT from C$9.00 to C$9.50 in a report on Wednesday, November 13th. Raymond James cut their price objective on Nexus Industrial REIT from C$9.75 to C$9.00 in a report on Monday, January 13th. Finally, BMO Capital Markets lifted their target price on Nexus Industrial REIT from C$8.50 to C$9.00 in a report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$8.72.

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.