Nexus Industrial REIT (TSE:NXR.UN – Free 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 %
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
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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