Nexus Industrial REIT (TSE:NXR.UN) to Issue $0.05 Monthly Dividend

Nexus Industrial REIT (TSE:NXR.UN) declared a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.0533 per share on Friday, February 14th. This represents a $0.64 annualized dividend and a dividend yield of 8.43%. The ex-dividend date of this dividend is Friday, January 31st.

Nexus Industrial REIT Stock Down 0.3 %

TSE NXR.UN opened at C$7.59 on Wednesday. The stock’s 50-day moving average price is C$7.73 and its 200-day moving average price is C$8.07. 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. The company has a market capitalization of C$536.92 million, a P/E ratio of 3.14 and a beta of 1.51.

Insider Activity at Nexus Industrial REIT

In other news, Director Edwin E. Mclaughlin acquired 50,000 shares of Nexus Industrial REIT stock in a transaction on Monday, December 9th. The shares were acquired at an average price of C$7.88 per share, with a total value of C$393,845.00. In the last 90 days, insiders have acquired 55,708 shares of company stock valued at $438,844. 32.92% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on NXR.UN. Raymond James decreased their price objective on Nexus Industrial REIT from C$9.75 to C$9.00 in a research note on Monday, January 13th. CIBC raised their price objective on Nexus Industrial REIT from C$9.00 to C$9.50 in a research note on Wednesday, November 13th. Finally, BMO Capital Markets raised their price objective on Nexus Industrial REIT from C$8.50 to C$9.00 in a research note on Monday, October 28th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$8.72.

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.