TD Securities Issues Positive Forecast for Nexus Industrial REIT (TSE:NXR.UN) Stock Price

Nexus Industrial REIT (TSE:NXR.UN) had its price objective raised by TD Securities from C$7.00 to C$8.00 in a research note released on Wednesday,BayStreet.CA reports. They currently have a hold rating on the stock.

Several other brokerages also recently weighed in on NXR.UN. National Bankshares increased their target price on Nexus Industrial REIT from C$6.75 to C$7.25 and gave the company a “sector perform” rating in a research note on Thursday, May 22nd. CIBC raised their price target on Nexus Industrial REIT from C$7.50 to C$8.00 and gave the company a “neutral” rating in a report on Wednesday. Scotiabank increased their price objective on Nexus Industrial REIT from C$7.00 to C$7.50 and gave the company a “sector perform” rating in a research report on Wednesday, May 21st. Finally, Raymond James Financial increased their price objective on Nexus Industrial REIT from C$8.25 to C$8.50 and gave the company an “outperform” rating in a research report on Thursday, May 22nd. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Nexus Industrial REIT has a consensus rating of “Hold” and an average target price of C$8.34.

Nexus Industrial REIT Stock Performance

Shares of TSE NXR.UN opened at C$7.91 on Wednesday. The company has a market capitalization of C$559.55 million, a P/E ratio of 3.27 and a beta of 1.51. The business’s 50-day moving average price is C$7.66 and its two-hundred day moving average price is C$7.26. Nexus Industrial REIT has a one year low of C$5.98 and a one year high of C$9.15. 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 Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 15th will be given a $0.0533 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. Nexus Industrial REIT’s payout ratio is currently 26.45%.

Insider Transactions at Nexus Industrial REIT

In other Nexus Industrial REIT news, Director Edwin E. Mclaughlin purchased 3,372 shares of Nexus Industrial REIT stock in a transaction that occurred on Tuesday, July 15th. The stock was acquired at an average price of C$7.91 per share, for a total transaction of C$26,678.25. Also, Director Daniel Martin Oberste acquired 5,000 shares of Nexus Industrial REIT stock in a transaction dated Wednesday, June 11th. The shares were purchased at an average price of C$7.54 per share, with a total value of C$37,675.00. In the last ninety days, insiders purchased 11,920 shares of company stock worth $90,838. 32.92% of the stock is owned by company insiders.

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.