Nexus Industrial REIT (TSE:NXR.UN) Receives C$8.63 Average Target Price from Analysts

Nexus Industrial REIT (TSE:NXR.UN) has received an average rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$8.63.

Several brokerages have recently weighed in on NXR.UN. Royal Bank of Canada dropped their price objective on shares of Nexus Industrial REIT from C$9.00 to C$8.75 and set a “sector perform” rating on the stock in a research report on Tuesday, March 11th. Raymond James cut their price objective on shares of Nexus Industrial REIT from C$9.00 to C$8.50 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Finally, Desjardins decreased their target price on Nexus Industrial REIT from C$9.50 to C$8.75 and set a “buy” rating on the stock in a research report on Tuesday, March 11th.

Nexus Industrial REIT Stock Up 0.9 %

Shares of NXR.UN stock opened at C$7.02 on Tuesday. Nexus Industrial REIT has a 52-week low of C$6.47 and a 52-week high of C$9.15. The stock has a market cap of C$496.59 million, a price-to-earnings ratio of 2.90 and a beta of 1.51. The firm’s 50-day moving average is C$7.26 and its 200-day moving average is C$7.88. The company has a debt-to-equity ratio of 129.95, a quick ratio of 0.12 and a current ratio of 0.44.

Nexus Industrial REIT Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were given a $0.0533 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 9.11%. The ex-dividend date was Friday, February 28th. Nexus Industrial REIT’s dividend payout ratio is presently 26.45%.

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.