Brokerages Set Nexus Industrial REIT (TSE:NXR.UN) PT at C$8.92

Nexus Industrial REIT (TSE:NXR.UN) has received a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$8.92.

Several equities research analysts recently weighed in on NXR.UN shares. CIBC raised their price target on shares of Nexus Industrial REIT from C$9.00 to C$9.50 in a research report on Wednesday, November 13th. BMO Capital Markets lifted their target price on Nexus Industrial REIT from C$8.50 to C$9.00 in a report on Monday, October 28th.

Insiders Place Their Bets

In other Nexus Industrial REIT news, Director Edwin E. Mclaughlin purchased 50,000 shares of Nexus Industrial REIT stock in a transaction that occurred on Monday, December 9th. The shares were bought at an average price of C$7.88 per share, for a total transaction of C$393,845.00. Insiders have purchased a total of 57,552 shares of company stock worth $454,832 in the last 90 days. 32.92% of the stock is currently owned by corporate insiders.

Nexus Industrial REIT Trading Down 0.3 %

NXR.UN opened at C$7.70 on Thursday. Nexus Industrial REIT has a fifty-two week low of C$6.47 and a fifty-two week high of C$9.15. The company’s 50 day moving average price is C$7.89 and its two-hundred day moving average price is C$8.01. The firm has a market capitalization of C$544.70 million, a price-to-earnings ratio of 3.18 and a beta of 1.51. The company has a debt-to-equity ratio of 129.95, a current ratio of 0.44 and a quick ratio of 0.12.

Nexus Industrial REIT Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th will be given a dividend of $0.0533 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 8.31%. Nexus Industrial REIT’s dividend payout ratio is 26.45%.

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.