Nexus Industrial REIT (OTCMKTS:EFRTF) Shares Down 2.5% – Should You Sell?

Shares of Nexus Industrial REIT (OTCMKTS:EFRTF) traded down 2.5% during mid-day trading on Monday . The company traded as low as $5.42 and last traded at $5.75. 1,515 shares traded hands during trading, a decline of 94% from the average session volume of 24,416 shares. The stock had previously closed at $5.90.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. National Bankshares reissued a “sector perform” rating on shares of Nexus Industrial REIT in a research note on Wednesday, August 13th. Scotiabank reissued a “sector perform” rating on shares of Nexus Industrial REIT in a research note on Tuesday, August 26th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold”.

Nexus Industrial REIT Trading Down 2.5%

The stock has a 50-day simple moving average of $5.68 and a two-hundred day simple moving average of $5.38.

About Nexus Industrial REIT

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.