Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) Director Edwin E. Mclaughlin bought 3,229 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was bought at an average cost of C$6.93 per share, for a total transaction of C$22,376.97.
Nexus Industrial REIT Stock Performance
Nexus Industrial REIT stock traded down C$0.12 during trading hours on Friday, hitting C$6.90. The company had a trading volume of 262,708 shares, compared to its average volume of 194,199. The firm has a 50-day moving average of C$7.25 and a 200 day moving average of C$7.87. The company has a debt-to-equity ratio of 129.95, a current ratio of 0.44 and a quick ratio of 0.12. The firm has a market cap of C$488.11 million, a PE ratio of 2.85 and a beta of 1.51. Nexus Industrial REIT has a one year low of C$6.47 and a one year high of C$9.15.
Nexus Industrial REIT Dividend Announcement
The company also recently announced a monthly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were paid a dividend of $0.0533 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 9.27%. Nexus Industrial REIT's dividend payout ratio (DPR) is currently 26.45%.
Analyst Upgrades and Downgrades
Several analysts have issued reports on NXR.UN shares. Raymond James dropped their price target on shares of Nexus Industrial REIT from C$9.00 to C$8.50 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. Royal Bank of Canada cut their target price on shares of Nexus Industrial REIT from C$9.00 to C$8.75 and set a "sector perform" rating for the company in a research note on Tuesday, March 11th. Finally, Desjardins dropped their price objective on Nexus Industrial REIT from C$9.50 to C$8.75 and set a "buy" rating on the stock in a research note on Tuesday, March 11th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$8.63.
Get Our Latest Analysis 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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