Nexus Industrial REIT (TSE:NXR.UN – Get Free Report) has earned a consensus recommendation of “Hold” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$8.61.
NXR.UN has been the topic of several recent analyst reports. Raymond James lowered their target price on shares of Nexus Industrial REIT from C$9.75 to C$9.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 24th. Royal Bank of Canada reduced their price target on shares of Nexus Industrial REIT from C$9.00 to C$8.50 and set a “sector perform” rating for the company in a research report on Monday, March 18th. Laurentian set a C$10.00 price target on shares of Nexus Industrial REIT and gave the company a “buy” rating in a research report on Monday, January 22nd. CIBC reduced their price target on shares of Nexus Industrial REIT from C$10.50 to C$9.75 in a research report on Friday, March 15th. Finally, National Bankshares reduced their price target on shares of Nexus Industrial REIT from C$8.50 to C$7.50 and set a “sector perform” rating for the company in a research report on Wednesday, April 24th.
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Nexus Industrial REIT Stock Performance
Nexus Industrial REIT Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th will be given a $0.0533 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.64 annualized dividend and a yield of 9.10%. Nexus Industrial REIT’s dividend payout ratio (DPR) is presently 27.47%.
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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