Nexus Industrial REIT (TSE:NXR.UN) Receives C$8.21 Consensus Target Price from Analysts

Nexus Industrial REIT (TSE:NXR.UN) has received an average rating of “Hold” from the six analysts that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$8.13.

Separately, Desjardins lowered their target price on Nexus Industrial REIT from C$9.00 to C$8.50 and set a “buy” rating for the company in a report on Tuesday.

Nexus Industrial REIT Trading Down 1.2%

Nexus Industrial REIT stock opened at C$7.45 on Tuesday. The business has a 50-day simple moving average of C$7.92 and a two-hundred day simple moving average of C$7.84. Nexus Industrial REIT has a 52-week low of C$5.98 and a 52-week 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 cap of C$722.81 million, a P/E ratio of 9.02 and a beta of 1.43.

Nexus Industrial REIT (TSE:NXR.UN) last issued its quarterly earnings results on Thursday, March 5th. The company reported C$0.43 earnings per share for the quarter. The business had revenue of C$44.88 million for the quarter. Nexus Industrial REIT had a net margin of 99.45% and a return on equity of 16.47%. Analysts predict that Nexus Industrial REIT will post 0.7800905 EPS for the current 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.