Nexus Industrial REIT (TSE:NXR.UN – Free Report) had its target price decreased by National Bankshares from C$7.50 to C$7.00 in a report released on Thursday morning, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.
NXR.UN has been the subject of a number of other reports. BMO Capital Markets cut their price target on Nexus Industrial REIT from C$10.00 to C$8.50 and set a market perform rating for the company in a research note on Thursday. Raymond James raised their price target on Nexus Industrial REIT from C$8.50 to C$9.25 and gave the stock an outperform rating in a research note on Thursday. Finally, Royal Bank of Canada cut their price target on Nexus Industrial REIT from C$11.00 to C$10.50 and set a sector perform rating for the company in a research note on Tuesday, August 15th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of C$9.92.
Nexus Industrial REIT Stock Up 1.9 %
Nexus Industrial REIT Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 15th will be paid a $0.0533 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 8.60%. The ex-dividend date is Wednesday, November 29th. Nexus Industrial REIT’s payout ratio is 49.23%.
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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