Nexus Industrial REIT (TSE:NXR.UN) Hits New 52-Week High – What’s Next?

Nexus Industrial REIT (TSE:NXR.UN) shares hit a new 52-week high on Friday . The stock traded as high as C$8.43 and last traded at C$8.42, with a volume of 39948 shares trading hands. The stock had previously closed at C$8.35.

Wall Street Analyst Weigh In

Separately, National Bank Financial decreased their price objective on Nexus Industrial REIT from C$8.75 to C$8.50 and set a “sector perform” rating on the stock in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$8.25.

Nexus Industrial REIT Price Performance

The company’s 50-day moving average is C$8.02 and its 200-day moving average is C$7.92. The firm has a market capitalization of C$812.63 million, a price-to-earnings ratio of 14.11 and a beta of 1.28. The company has a debt-to-equity ratio of 129.95, a current ratio of 0.44 and a quick ratio of 0.12.

Nexus Industrial REIT (TSE:NXR.UN) last issued its quarterly earnings results on Monday, May 11th. The company reported C$0.45 EPS for the quarter. The firm had revenue of C$46.02 million during the quarter. Nexus Industrial REIT had a net margin of 99.45% and a return on equity of 16.47%. On average, research analysts expect that Nexus Industrial REIT will post 0.7800905 earnings per share for the current year.

Nexus Industrial REIT Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.0533 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Friday, July 31st. Nexus Industrial REIT’s dividend payout ratio is presently 107.86%.

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.