Analysts Set Nexus Industrial REIT (TSE:NXR.UN) PT at C$11.94

Nexus Industrial REIT (TSE:NXR.UN – Get Rating) has earned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$11.94.

A number of analysts have issued reports on NXR.UN shares. Scotiabank cut their target price on Nexus Industrial REIT from C$12.00 to C$11.50 in a research report on Friday, March 17th. Raymond James cut their target price on Nexus Industrial REIT from C$12.50 to C$12.00 in a research report on Friday, May 19th. BMO Capital Markets cut their target price on Nexus Industrial REIT from C$11.50 to C$11.00 in a research report on Monday, March 20th. National Bankshares boosted their target price on Nexus Industrial REIT from C$11.00 to C$11.25 in a research report on Tuesday, April 18th. Finally, Royal Bank of Canada cut their target price on Nexus Industrial REIT from C$11.50 to C$11.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 16th.

Nexus Industrial REIT Price Performance

Nexus Industrial REIT stock opened at C$8.56 on Wednesday. The company’s 50 day simple moving average is C$9.52 and its 200-day simple moving average is C$10.03. The company has a debt-to-equity ratio of 131.57, a quick ratio of 0.12 and a current ratio of 0.87. Nexus Industrial REIT has a 1 year low of C$8.15 and a 1 year high of C$11.96. The company has a market capitalization of C$582.08 million, a price-to-earnings ratio of 5.56 and a beta of 1.25.

Nexus Industrial REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 15th will be given a dividend of $0.0533 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.47%. The ex-dividend date is Tuesday, May 30th. Nexus Industrial REIT’s dividend payout ratio is currently 41.56%.

Nexus Industrial REIT Company Profile

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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.