Nexus Industrial REIT (TSE:NXR.UN – Get Rating) rose 0.5% on Tuesday . The company traded as high as C$10.28 and last traded at C$10.25. Approximately 179,501 shares traded hands during trading, an increase of 75% from the average daily volume of 102,614 shares. The stock had previously closed at C$10.20.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on NXR.UN. Canaccord Genuity Group raised their target price on Nexus Industrial REIT from C$11.75 to C$12.00 in a research note on Wednesday, November 16th. Desjardins assumed coverage on Nexus Industrial REIT in a research report on Monday, December 12th. They issued a “buy” rating and a C$12.75 price target on the stock. Royal Bank of Canada dropped their price target on Nexus Industrial REIT from C$11.75 to C$11.50 and set a “sector perform” rating on the stock in a research report on Friday, December 9th. National Bankshares boosted their price objective on shares of Nexus Industrial REIT from C$9.75 to C$10.75 and gave the stock a “sector perform” rating in a report on Wednesday, November 16th. Finally, Raymond James decreased their target price on shares of Nexus Industrial REIT from C$13.25 to C$13.00 and set a “strong-buy” rating for the company in a research note on Friday, December 9th.
Nexus Industrial REIT Trading Up 0.5 %
The company’s 50 day simple moving average is C$8.25 and its two-hundred day simple moving average is C$6.53. The company has a market capitalization of C$689.48 million and a price-to-earnings ratio of 3.57. The company has a quick ratio of 0.12, a current ratio of 0.66 and a debt-to-equity ratio of 130.50.
Nexus Industrial REIT Dividend Announcement
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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