Nexus Industrial REIT (TSE:NXR.UN) PT Raised to C$9.25 at Raymond James

Nexus Industrial REIT (TSE:NXR.UN) had its target price upped by equities researchers at Raymond James from C$8.50 to C$9.25 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ target price points to a potential upside of 24.33% from the company’s current price.

NXR.UN has been the subject of a number of other research reports. BMO Capital Markets decreased their price objective on shares of Nexus Industrial REIT from C$10.00 to C$8.50 and set a “market perform” rating for the company in a report on Thursday. Royal Bank of Canada cut their price target on shares of Nexus Industrial REIT from C$11.00 to C$10.50 and set a “sector perform” rating on the stock in a research note on Tuesday, August 15th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Nexus Industrial REIT presently has a consensus rating of “Moderate Buy” and a consensus target price of C$9.92.

Nexus Industrial REIT Stock Up 1.9 %

Shares of TSE NXR.UN opened at C$7.44 on Thursday. The stock has a market cap of C$509.12 million, a P/E ratio of 5.72 and a beta of 1.36. The firm has a 50 day moving average price of C$7.07 and a 200 day moving average price of C$7.99. The company has a debt-to-equity ratio of 133.28, a quick ratio of 0.12 and a current ratio of 0.53. Nexus Industrial REIT has a 52-week low of C$6.08 and a 52-week high of C$11.25.

Nexus Industrial REIT Company Profile

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.