Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) declared a monthly dividend on Tuesday, December 31st,TickerTech Dividends reports. Stockholders of record on Wednesday, January 15th will be given a dividend of 0.0533 per share on Wednesday, January 15th. This represents a $0.64 annualized dividend and a dividend yield of 8.32%. The ex-dividend date of this dividend is Tuesday, December 31st.
Nexus Industrial REIT Stock Performance
TSE:NXR.UN traded down C$0.01 on Tuesday, hitting C$7.69. The stock had a trading volume of 67,254 shares, compared to its average volume of 145,899. Nexus Industrial REIT has a 52-week low of C$6.47 and a 52-week high of C$9.15. The stock has a market cap of C$543.99 million, a price-to-earnings ratio of 3.18 and a beta of 1.51. 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 business's 50-day simple moving average is C$8.02 and its two-hundred day simple moving average is C$7.96.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the stock. BMO Capital Markets upped their target price on shares of Nexus Industrial REIT from C$8.50 to C$9.00 in a report on Monday, October 28th. Raymond James lifted their price objective on Nexus Industrial REIT from C$9.25 to C$9.50 in a research note on Friday, September 6th. Finally, CIBC increased their target price on Nexus Industrial REIT from C$9.00 to C$9.50 in a research report on Wednesday, November 13th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$8.92.
Read Our Latest Report on NXR.UN
Insider Activity
In other Nexus Industrial REIT news, Director Edwin E. Mclaughlin bought 50,000 shares of the business's stock in a transaction on Monday, December 9th. The shares were acquired at an average price of C$7.88 per share, with a total value of C$393,845.00. Over the last quarter, insiders purchased 114,672 shares of company stock valued at $955,129. Corporate insiders own 32.92% of the company's stock.
About Nexus Industrial REIT
(
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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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