Nexus Industrial REIT (TSE:NXR.UN) Receives C$8.38 Consensus PT from Brokerages

Shares of Nexus Industrial REIT (TSE:NXR.UN) have earned a consensus rating of “Hold” from the seven ratings firms that are covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$8.38.

NXR.UN has been the topic of a number of recent research reports. National Bankshares dropped their price objective on Nexus Industrial REIT from C$8.50 to C$8.25 and set a “sector perform” rating on the stock in a report on Wednesday, August 13th. CIBC increased their price target on shares of Nexus Industrial REIT from C$7.50 to C$8.00 and gave the stock a “neutral” rating in a report on Wednesday, August 13th. TD Securities boosted their price objective on shares of Nexus Industrial REIT from C$7.00 to C$8.00 and gave the company a “hold” rating in a research note on Wednesday, August 13th. Finally, Desjardins increased their target price on shares of Nexus Industrial REIT from C$8.75 to C$9.00 and gave the stock a “buy” rating in a research note on Monday, October 6th.

Nexus Industrial REIT Price Performance

Nexus Industrial REIT stock opened at C$7.80 on Tuesday. Nexus Industrial REIT has a one year low of C$5.98 and a one year high of C$8.79. The business has a fifty day moving average price of C$7.83 and a 200-day moving average price of C$7.46. The company has a debt-to-equity ratio of 129.95, a current ratio of 0.44 and a quick ratio of 0.12. The firm has a market capitalization of C$756.74 million, a P/E ratio of 25.59 and a beta of 1.73.

Nexus Industrial REIT Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, November 14th will be given a $0.0533 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date is Friday, October 31st. Nexus Industrial REIT’s dividend payout ratio (DPR) is 209.97%.

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.