Royal Bank of Canada Lowers Nexus Industrial REIT (TSE:NXR.UN) Price Target to C$8.75

Nexus Industrial REIT (TSE:NXR.UN) had its target price reduced by research analysts at Royal Bank of Canada from C$9.00 to C$8.75 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 24.64% from the stock’s previous close.

Several other research analysts have also recently issued reports on NXR.UN. CIBC increased their price objective on shares of Nexus Industrial REIT from C$9.00 to C$9.50 in a report on Wednesday, November 13th. Raymond James dropped their price target on shares of Nexus Industrial REIT from C$9.75 to C$9.00 in a research note on Monday, January 13th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Nexus Industrial REIT presently has a consensus rating of “Moderate Buy” and an average price target of C$8.63.

Nexus Industrial REIT Stock Performance

Nexus Industrial REIT stock opened at C$7.02 on Tuesday. The company has a market capitalization of C$496.59 million, a price-to-earnings ratio of 2.90 and a beta of 1.51. The firm’s fifty day moving average price is C$7.42 and its 200 day moving average price is C$8.00. 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 has a 12-month low of C$6.47 and a 12-month high of C$9.15.

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.