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

Nexus Industrial REIT (TSE:NXR.UNGet Free Report) has earned an average rating of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$8.92.

Several equities analysts have commented on the stock. CIBC upped their price objective on shares of Nexus Industrial REIT from C$9.00 to C$9.50 in a report on Wednesday, November 13th. Raymond James upped their price target on shares of Nexus Industrial REIT from C$9.25 to C$9.50 in a research note on Friday, September 6th. Finally, BMO Capital Markets raised their price objective on shares of Nexus Industrial REIT from C$8.50 to C$9.00 in a research report on Monday, October 28th.

View Our Latest Analysis on NXR.UN

Nexus Industrial REIT Stock Performance

Shares of NXR.UN opened at C$7.75 on Friday. The company has a debt-to-equity ratio of 129.95, a current ratio of 0.44 and a quick ratio of 0.12. The firm has a 50-day moving average of C$8.23 and a 200-day moving average of C$7.92. The company has a market cap of C$548.24 million, a PE ratio of 3.20 and a beta of 1.51. Nexus Industrial REIT has a one year low of C$6.47 and a one year high of C$9.15.

Nexus Industrial REIT Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 13th were given a $0.0533 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 8.25%. The ex-dividend date was Friday, November 29th. Nexus Industrial REIT’s dividend payout ratio is presently 26.45%.

Insider Transactions at Nexus Industrial REIT

In other news, Director Edwin E. Mclaughlin acquired 57,120 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The shares were bought at an average price of C$8.76 per share, with a total value of C$500,296.94. Over the last 90 days, insiders purchased 116,672 shares of company stock valued at $972,709. 32.92% of the stock is currently owned by insiders.

About Nexus Industrial REIT

(Get Free Report

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.

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Analyst Recommendations for Nexus Industrial REIT (TSE:NXR.UN)

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