Edwin E. Mclaughlin Purchases 100,000 Shares of Nexus Industrial REIT (TSE:NXR.UN) Stock

Nexus Industrial REIT (TSE:NXR.UN) Director Edwin E. Mclaughlin acquired 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The shares were acquired at an average cost of C$6.80 per share, for a total transaction of C$679,850.00.

Nexus Industrial REIT Price Performance

Shares of TSE:NXR.UN opened at C$6.85 on Friday. The company has a market capitalization of C$471.90 million, a P/E ratio of 2.94 and a beta of 1.46. Nexus Industrial REIT has a 1-year low of C$6.08 and a 1-year high of C$8.69. The firm’s 50 day simple moving average is C$7.05 and its two-hundred day simple moving average is C$7.59. The company has a debt-to-equity ratio of 139.77, a current ratio of 0.36 and a quick ratio of 0.12.

Nexus Industrial REIT Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th were paid a dividend of $0.0533 per share. This represents a $0.64 annualized dividend and a yield of 9.34%. The ex-dividend date of this dividend was Monday, April 29th. Nexus Industrial REIT’s dividend payout ratio (DPR) is presently 27.47%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on NXR.UN shares. Scotiabank cut their price target on shares of Nexus Industrial REIT from C$9.00 to C$8.50 in a report on Thursday, May 16th. Raymond James reduced their price objective on Nexus Industrial REIT from C$9.00 to C$8.50 and set an “outperform” rating for the company in a report on Thursday, May 16th. BMO Capital Markets lowered their target price on shares of Nexus Industrial REIT from C$8.50 to C$8.00 in a research note on Monday, March 25th. TD Securities reduced their price target on shares of Nexus Industrial REIT from C$8.00 to C$7.50 in a research note on Wednesday, April 24th. Finally, National Bankshares lowered their price objective on shares of Nexus Industrial REIT from C$8.50 to C$7.50 and set a “sector perform” rating on the stock in a research report on Wednesday, April 24th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$8.42.

About Nexus Industrial REIT

Nexus 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 located in primary and secondary markets in North America. The REIT currently owns a portfolio of 73 properties comprising approximately 4.1 million square feet of rentable area.