Nexus Industrial REIT (TSE:NXR.UN) Stock Price Down 0.6% – Time to Sell?

Shares of Nexus Industrial REIT (TSE:NXR.UN) traded down 0.6% on Wednesday . The stock traded as low as C$7.83 and last traded at C$7.88. 48,883 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 148,939 shares. The stock had previously closed at C$7.93.

Analyst Upgrades and Downgrades

Separately, Desjardins raised 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 report on Monday, October 6th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$8.29.

Nexus Industrial REIT Stock Down 0.6%

The company has a market capitalization of C$764.53 million, a P/E ratio of 9.54 and a beta of 1.56. 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 company has a 50 day moving average of C$7.77 and a 200-day moving average of C$7.75.

Nexus Industrial REIT (TSE:NXR.UN) last released its quarterly earnings results on Thursday, November 13th. The company reported C$0.04 EPS for the quarter. Nexus Industrial REIT had a return on equity of 16.47% and a net margin of 99.45%.The business had revenue of C$43.30 million during the quarter. As a group, equities analysts anticipate that Nexus Industrial REIT will post 0.7800905 EPS for the current year.

Nexus Industrial REIT Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, November 14th were given a dividend of $0.0533 per share. This represents a c) dividend on an annualized basis and a yield of 8.1%. The ex-dividend date of this dividend was Friday, October 31st. Nexus Industrial REIT’s payout ratio is presently 77.46%.

About Nexus Industrial REIT

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.