Nexus Industrial REIT (OTCMKTS:EFRTF) Stock Price Up 0.7% – What’s Next?

Nexus Industrial REIT (OTCMKTS:EFRTF)’s stock price traded up 0.7% during mid-day trading on Wednesday . The company traded as high as $5.5050 and last traded at $5.5050. 9,541 shares were traded during mid-day trading, a decline of 59% from the average session volume of 23,489 shares. The stock had previously closed at $5.4690.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. National Bankshares reaffirmed a “sector perform” rating on shares of Nexus Industrial REIT in a research note on Wednesday, August 13th. Scotiabank reaffirmed a “sector perform” rating on shares of Nexus Industrial REIT in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Nexus Industrial REIT Trading Up 0.7%

The business has a 50-day moving average price of $5.62 and a two-hundred day moving average price of $5.56.

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.