Nexus Industrial REIT (TSE:NXR.UN – Get Free Report) Director Edwin E. Mclaughlin acquired 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The shares were acquired at an average cost of C$6.80 per share, for a total transaction of C$679,850.00.
Nexus Industrial REIT Price Performance
Shares of TSE:NXR.UN opened at C$6.85 on Friday. The company has a market capitalization of C$471.90 million, a P/E ratio of 2.94 and a beta of 1.46. Nexus Industrial REIT has a 1-year low of C$6.08 and a 1-year high of C$8.69. The firm’s 50 day simple moving average is C$7.05 and its two-hundred day simple moving average is C$7.59. The company has a debt-to-equity ratio of 139.77, a current ratio of 0.36 and a quick ratio of 0.12.
Nexus Industrial REIT Announces Dividend
The firm also recently announced a monthly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th were paid a dividend of $0.0533 per share. This represents a $0.64 annualized dividend and a yield of 9.34%. The ex-dividend date of this dividend was Monday, April 29th. Nexus Industrial REIT’s dividend payout ratio (DPR) is presently 27.47%.
Analyst Ratings Changes
Check Out Our Latest Analysis on Nexus Industrial REIT
About Nexus Industrial REIT
Nexus 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 located in primary and secondary markets in North America. The REIT currently owns a portfolio of 73 properties comprising approximately 4.1 million square feet of rentable area.
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