Nexus Industrial REIT (TSE:NXR.UN) Receives C$8.13 Consensus Price Target from Brokerages

Shares of Nexus Industrial REIT (TSE:NXR.UN) have been assigned an average recommendation of “Hold” from the six brokerages that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective 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 research note on Tuesday, March 10th.

Nexus Industrial REIT Trading Down 0.5%

Shares of Nexus Industrial REIT stock opened at C$7.57 on Friday. The firm has a market capitalization of C$734.84 million, a PE ratio of 12.33 and a beta of 1.30. The company’s fifty day moving average price is C$7.73 and its two-hundred day moving average price is C$7.81. 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 has a 52-week low of C$5.98 and a 52-week high of C$8.41.

Nexus Industrial REIT (TSE:NXR.UN) last issued its earnings results on Thursday, March 5th. The company reported C$0.43 earnings per share (EPS) for the quarter. The company 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%. On average, analysts expect that Nexus Industrial REIT will post 0.7800905 EPS for the current year.

Nexus Industrial REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 15th will be paid a $0.0533 dividend. The ex-dividend date is Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 8.4%. Nexus Industrial REIT’s payout ratio is currently 104.27%.

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.