Nexus Industrial REIT (TSE:NXR.UN) Receives C$8.92 Average PT from Analysts

Shares of Nexus Industrial REIT (TSE:NXR.UN) have been given an average rating of “Moderate Buy” by the eight brokerages that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$8.86.

A number of equities analysts have recently weighed in on the company. BMO Capital Markets upped their target price on Nexus Industrial REIT from C$8.50 to C$9.00 in a report on Monday, October 28th. CIBC upped their target price on Nexus Industrial REIT from C$9.00 to C$9.50 in a report on Wednesday, November 13th. Finally, Raymond James dropped their target price on Nexus Industrial REIT from C$9.75 to C$9.00 in a report on Monday.

Nexus Industrial REIT Price Performance

TSE NXR.UN opened at C$7.53 on Thursday. The stock’s 50-day moving average price is C$7.84 and its two-hundred day moving average price is C$8.03. The company has a current ratio of 0.44, a quick ratio of 0.12 and a debt-to-equity ratio of 129.95. The company has a market cap of C$532.67 million, a PE ratio of 3.11 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.

Nexus Industrial REIT Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 14th will be paid a $0.0533 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.64 annualized dividend and a dividend yield of 8.49%. Nexus Industrial REIT’s payout ratio is 26.45%.

Insider Activity at Nexus Industrial REIT

In related news, Director Edwin E. Mclaughlin bought 50,000 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was purchased at an average price of C$7.88 per share, with a total value of C$393,845.00. In the last quarter, insiders bought 55,708 shares of company stock valued at $438,844. 32.92% of the stock is owned by corporate insiders.

Nexus Industrial REIT Company Profile

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.