Edwin E. Mclaughlin Purchases 9,000 Shares of Nexus Industrial REIT (TSE:NXR.UN) Stock

Nexus Industrial REIT (TSE:NXR.UNGet Free Report) Director Edwin E. Mclaughlin acquired 9,000 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were acquired at an average price of C$7.07 per share, with a total value of C$63,586.80.

Nexus Industrial REIT Price Performance

Shares of TSE NXR.UN opened at C$7.05 on Friday. The business has a 50 day moving average price of C$7.19 and a two-hundred day moving average price of C$7.65. Nexus Industrial REIT has a fifty-two week low of C$6.08 and a fifty-two week high of C$8.79. The firm has a market cap of C$485.67 million, a PE ratio of 3.03 and a beta of 1.46. The company has a quick ratio of 0.12, a current ratio of 0.36 and a debt-to-equity ratio of 139.77.

Nexus Industrial REIT Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th were given a dividend of $0.0533 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 9.07%. The ex-dividend date of this dividend was Monday, April 29th. Nexus Industrial REIT’s payout ratio is currently 27.47%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Raymond James decreased their price target on shares of Nexus Industrial REIT from C$9.00 to C$8.50 and set an “outperform” rating for the company in a research report on Thursday, May 16th. National Bankshares decreased their target price on 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. CIBC dropped their target price on Nexus Industrial REIT from C$9.75 to C$9.00 and set an “outperform” rating on the stock in a report on Thursday, May 16th. TD Securities decreased their price target on Nexus Industrial REIT from C$8.00 to C$7.50 in a report on Wednesday, April 24th. Finally, BMO Capital Markets lowered their price objective on shares of Nexus Industrial REIT from C$8.50 to C$8.00 in a research report on Monday, March 25th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$8.42.

View Our Latest Stock Analysis on Nexus Industrial REIT

Nexus Industrial REIT Company Profile

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Nexus Industrial REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexus Industrial REIT and related companies with MarketBeat.com's FREE daily email newsletter.