Nexus Industrial REIT (OTCMKTS:EFRTF) Trading Up 1.2%

Nexus Industrial REIT (OTCMKTS:EFRTF)’s share price rose 1.2% during mid-day trading on Thursday . The stock traded as high as $5.15 and last traded at $5.15. Approximately 10,000 shares changed hands during mid-day trading, an increase of 167% from the average daily volume of 3,749 shares. The stock had previously closed at $5.09.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lowered their price objective on shares of Nexus Industrial REIT from $9.00 to $8.50 and set a “sector perform” rating on the stock in a research note on Monday, March 18th.

Nexus Industrial REIT Trading Up 1.2 %

The company has a 50 day moving average of $5.56 and a two-hundred day moving average of $5.55.

Nexus Industrial REIT Company Profile

Nexus Industrial REIT is a growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition of industrial properties located in primary and secondary markets in Canada, and the ownership and management of its portfolio of properties. The REIT currently owns a portfolio of 116 properties (including two properties held for development in which the REIT has an 80% interest) comprising approximately 12.4 million square feet of gross leasable area.