Nexus Industrial REIT (TSE:NXR.UN) Receives C$8.72 Consensus PT from Analysts

Shares of Nexus Industrial REIT (TSE:NXR.UN) have been given an average recommendation of “Moderate Buy” by the seven brokerages that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$8.72.

A number of brokerages recently weighed in on NXR.UN. BMO Capital Markets boosted their target price on shares of Nexus Industrial REIT from C$8.50 to C$9.00 in a report on Monday, October 28th. CIBC boosted their price objective on shares of Nexus Industrial REIT from C$9.00 to C$9.50 in a research note on Wednesday, November 13th. Finally, Raymond James cut their target price on shares of Nexus Industrial REIT from C$9.75 to C$9.00 in a research note on Monday, January 13th.

Nexus Industrial REIT Price Performance

TSE NXR.UN opened at C$7.40 on Monday. The firm’s 50 day moving average is C$7.66 and its 200-day moving average is C$8.07. The company has a quick ratio of 0.12, a current ratio of 0.44 and a debt-to-equity ratio of 129.95. The company has a market capitalization of C$523.48 million, a PE ratio of 3.06 and a beta of 1.51. Nexus Industrial REIT has a 12-month low of C$6.47 and a 12-month high of C$9.15.

Nexus Industrial REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, March 14th will be issued a $0.0533 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 8.64%. The ex-dividend date of this dividend is Friday, February 28th. Nexus Industrial REIT’s dividend payout ratio is presently 26.45%.

Insider Buying and Selling at Nexus Industrial REIT

In other news, Director Edwin E. Mclaughlin acquired 50,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were bought at an average price of C$7.88 per share, with a total value of C$393,845.00. Insiders have acquired 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.

About Nexus Industrial REIT

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.