Nexus Industrial REIT (TSE:NXR.UN) Director Edwin E. Mclaughlin Buys 1,782 Shares

Nexus Industrial REIT (TSE:NXR.UN) Director Edwin E. Mclaughlin acquired 1,782 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were bought at an average price of C$8.92 per share, with a total value of C$15,895.44.

Nexus Industrial REIT Stock Up 0.3 %

Shares of TSE:NXR.UN opened at C$8.95 on Friday. The company has a market capitalization of C$633.12 million, a PE ratio of 3.76 and a beta of 1.51. Nexus Industrial REIT has a 52 week low of C$6.08 and a 52 week high of C$9.15. The company has a debt-to-equity ratio of 129.95, a quick ratio of 0.12 and a current ratio of 0.44. The company has a 50 day moving average price of C$8.04 and a two-hundred day moving average price of C$7.49.

Nexus Industrial REIT Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 16th were issued a dividend of $0.0533 per share. The ex-dividend date was Friday, August 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.15%. Nexus Industrial REIT’s payout ratio is presently 26.89%.

Analyst Ratings Changes

Several brokerages recently commented on NXR.UN. Royal Bank of Canada boosted their target price on Nexus Industrial REIT from C$8.00 to C$8.50 in a report on Friday, August 16th. National Bankshares upgraded shares of Nexus Industrial REIT from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$7.50 to C$8.00 in a research report on Thursday, July 18th. Scotiabank lifted their target price on Nexus Industrial REIT from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. BMO Capital Markets increased their price objective on Nexus Industrial REIT from C$8.00 to C$8.50 in a report on Monday, August 19th. Finally, Desjardins lifted their target price on shares of Nexus Industrial REIT from C$8.75 to C$9.25 and gave the company a “buy” rating in a research note on Friday, August 16th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Nexus Industrial REIT has a consensus rating of “Moderate Buy” and a consensus price target of C$8.81.

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.