Nexus Industrial REIT (TSE:NXR.UN) Given New C$9.00 Price Target at Raymond James

Nexus Industrial REIT (TSE:NXR.UNFree Report) had its price target reduced by Raymond James from C$9.75 to C$9.00 in a report released on Monday morning,BayStreet.CA reports.

Other analysts have also recently issued research reports about the company. CIBC raised their target price on Nexus Industrial REIT from C$9.00 to C$9.50 in a research report on Wednesday, November 13th. BMO Capital Markets upped their price objective on shares of Nexus Industrial REIT from C$8.50 to C$9.00 in a report on Monday, October 28th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$8.86.

View Our Latest Stock Report on Nexus Industrial REIT

Nexus Industrial REIT Trading Down 2.3 %

Shares of TSE NXR.UN opened at C$7.52 on Monday. Nexus Industrial REIT has a 12 month low of C$6.47 and a 12 month high of C$9.15. The business has a fifty day simple moving average of C$7.89 and a 200-day simple moving average of C$8.02. The company has a market cap of C$531.96 million, a price-to-earnings ratio of 3.11 and a beta of 1.51. 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 Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.0533 per share. This represents a $0.64 dividend on an annualized basis and a yield of 8.51%. The ex-dividend date is Friday, January 31st. Nexus Industrial REIT’s dividend payout ratio is currently 26.45%.

Insider Activity at Nexus Industrial REIT

In related news, Director Edwin E. Mclaughlin acquired 50,000 shares of the stock in a transaction dated Monday, December 9th. The stock was bought at an average price of C$7.88 per share, with a total value of C$393,845.00. Insiders have bought a total of 55,708 shares of company stock worth $438,844 over the last 90 days. Insiders own 32.92% of the company’s stock.

Nexus Industrial REIT Company Profile

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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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