Nexus Industrial REIT (OTCMKTS:EFRTF) Shares Up 1%

Nexus Industrial REIT (OTCMKTS:EFRTF) shot up 1% on Friday . The company traded as high as $4.87 and last traded at $4.87. 9,702 shares were traded during trading, an increase of 55% from the average session volume of 6,259 shares. The stock had previously closed at $4.82.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada cut their target price on Nexus Industrial REIT from $9.00 to $8.50 and set a “sector perform” rating for the company in a research note on Monday, March 18th.

Nexus Industrial REIT Price Performance

The firm’s 50 day simple moving average is $5.16 and its two-hundred day simple moving average is $5.58.

Nexus Industrial REIT Company Profile

Nexus Industrial REIT is a growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition of industrial properties located in primary and secondary markets in Canada, and the ownership and management of its portfolio of properties. The REIT currently owns a portfolio of 116 properties (including two properties held for development in which the REIT has an 80% interest) comprising approximately 12.4 million square feet of gross leasable area.