Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) Director Edwin E. Mclaughlin acquired 2,463 shares of Nexus Industrial REIT stock in a transaction dated Friday, December 13th. The shares were bought at an average cost of C$7.82 per share, with a total value of C$19,260.66.
Nexus Industrial REIT Stock Performance
NXR.UN stock traded down C$0.05 during trading on Monday, reaching C$7.83. 131,541 shares of the stock were exchanged, compared to its average volume of 146,245. Nexus Industrial REIT has a twelve month low of C$6.47 and a twelve month high of C$9.15. The company has a market capitalization of C$553.89 million, a P/E ratio of 3.24 and a beta of 1.51. The stock has a 50 day simple moving average of C$8.23 and a 200-day simple moving average of C$7.92. The company has a current ratio of 0.44, a quick ratio of 0.12 and a debt-to-equity ratio of 129.95.
Nexus Industrial REIT Announces Dividend
The company also recently announced a monthly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 13th were paid a $0.0533 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 8.17%. The ex-dividend date of this dividend was Friday, November 29th. Nexus Industrial REIT's dividend payout ratio (DPR) is currently 26.45%.
Analyst Ratings Changes
Several analysts have recently commented on NXR.UN shares. BMO Capital Markets raised their target price on Nexus Industrial REIT from C$8.50 to C$9.00 in a research report on Monday, October 28th. CIBC raised their target price on Nexus Industrial REIT from C$9.00 to C$9.50 in a research report on Wednesday, November 13th. Finally, Raymond James raised their target price on Nexus Industrial REIT from C$9.25 to C$9.50 in a research report on Friday, September 6th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$8.92.
View Our Latest Stock Report on Nexus Industrial REIT
Nexus Industrial REIT Company Profile
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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.
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