Nexus Industrial REIT (TSE:NXR.UN) Given New C$8.50 Price Target at Desjardins

Nexus Industrial REIT (TSE:NXR.UN) had its price target trimmed by Desjardins from C$9.00 to C$8.50 in a research note issued to investors on Tuesday,BayStreet.CA reports. They currently have a buy rating on the stock.

Nexus Industrial REIT Trading Down 0.8%

TSE NXR.UN opened at C$7.59 on Tuesday. The stock’s 50-day simple moving average is C$7.94 and its two-hundred day simple moving average is C$7.85. Nexus Industrial REIT has a twelve month low of C$5.98 and a twelve month high of C$8.41. The company has a quick ratio of 0.12, a current ratio of 0.44 and a debt-to-equity ratio of 129.95. The company has a market capitalization of C$736.40 million, a price-to-earnings ratio of 9.19 and a beta of 1.43.

Nexus Industrial REIT (TSE:NXR.UN) last posted its quarterly earnings results on Thursday, March 5th. The company reported C$0.43 EPS for the quarter. Nexus Industrial REIT had a net margin of 99.45% and a return on equity of 16.47%. The firm had revenue of C$44.88 million for the quarter. Research analysts forecast that Nexus Industrial REIT will post 0.7800905 EPS for the current fiscal year.

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.