Nexus Industrial REIT (TSE:NXR.UN) Receives C$8.32 Consensus Price Target from Analysts

Shares of Nexus Industrial REIT (TSE:NXR.UN) have received a consensus recommendation of “Hold” from the five analysts that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$8.32.

A number of equities research analysts recently weighed in on NXR.UN shares. National Bankshares cut Nexus Industrial REIT from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$8.75 to C$6.75 in a report on Monday, April 14th. Scotiabank cut Nexus Industrial REIT from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$8.50 to C$7.00 in a report on Tuesday, April 8th. Royal Bank of Canada dropped their price target on Nexus Industrial REIT from C$9.00 to C$8.75 and set a “sector perform” rating for the company in a report on Tuesday, March 11th. Desjardins decreased their price objective on Nexus Industrial REIT from C$9.50 to C$8.75 and set a “buy” rating on the stock in a research report on Tuesday, March 11th. Finally, Raymond James decreased their price objective on Nexus Industrial REIT from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th.

Nexus Industrial REIT Stock Performance

Shares of NXR.UN stock opened at C$7.38 on Wednesday. The company has a debt-to-equity ratio of 129.95, a current ratio of 0.44 and a quick ratio of 0.12. Nexus Industrial REIT has a fifty-two week low of C$5.98 and a fifty-two week high of C$9.15. The stock’s 50-day moving average is C$6.82 and its two-hundred day moving average is C$7.38. The firm has a market cap of C$522.06 million, a P/E ratio of 3.05 and a beta of 1.51.

Nexus Industrial REIT Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th were given a dividend of $0.0533 per share. This represents a $0.64 dividend on an annualized basis and a yield of 8.67%. The ex-dividend date of this dividend was Wednesday, April 30th. Nexus Industrial REIT’s dividend payout ratio (DPR) is presently 26.45%.

Insider Transactions at Nexus Industrial REIT

In related news, Director Edwin E. Mclaughlin purchased 3,651 shares of the business’s stock in a transaction that occurred on Thursday, May 15th. The stock was acquired at an average cost of C$7.20 per share, for a total transaction of C$26,295.60. Insiders bought a total of 18,576 shares of company stock worth $125,024 over the last quarter. Company insiders own 32.92% of the company’s stock.

Nexus Industrial REIT Company Profile

Nexus Industrial REIT 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.