Nexus Industrial REIT (OTCMKTS:EFRTF) Price Target Cut to C$11.00

Nexus Industrial REIT (OTCMKTS:EFRTF – Get Rating) had its target price lowered by analysts at Royal Bank of Canada from C$11.50 to C$11.00 in a research report issued on Thursday, The Fly reports.

Several other research analysts have also commented on the company. National Bank Financial decreased their target price on Nexus Industrial REIT from C$11.25 to C$11.00 in a research report on Thursday. Scotiabank assumed coverage on Nexus Industrial REIT in a research report on Monday, January 30th. They issued an “outperform” rating for the company. Desjardins assumed coverage on Nexus Industrial REIT in a research report on Monday, December 12th. They set a “buy” rating for the company. Raymond James reduced their price objective on Nexus Industrial REIT from C$13.00 to C$12.50 in a research report on Thursday. Finally, Canaccord Genuity Group boosted their price objective on Nexus Industrial REIT from C$11.75 to C$12.00 in a research report on Wednesday, November 16th.

Nexus Industrial REIT Stock Performance

Shares of EFRTF opened at $7.12 on Thursday. The stock has a 50 day moving average of $7.79 and a 200-day moving average of $7.27. Nexus Industrial REIT has a 52 week low of $6.02 and a 52 week high of $11.10.

About Nexus Industrial REIT

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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.